I must have missed something. I've seen this film three times now over the course of a few decades and each time it goes right over my head. Hollywood-ized "punk" Emilio Estevez gets fired from his grocery store job and eventually falls in with a car repossession company. Some minor adventures happen (repossessing cars, getting shot at, getting maced, convenience store shoot-out, banging a cute chick in the backseat of a car, vomiting, etc.), but the main story line is about a 1964 Chevy Malibu with a $20,000 reward on it. Every two-bit repo man in LA is looking for it! What the hell could be so special about it that it has such a high bounty?
And that's about it. Is there some kind of satire or social/political statement that I'm missing? Who knows. As it is though, the authentic LA street scenery was the most interesting thing going on. The story is so-so, but it doesn't really go anywhere. The acting is good. I especially liked Harry Dean Stanton. The "punk" aspect is barely even touched out other than a few people having mohawks and couple of punk songs playing in the background. Other than that REPO MAN is kind of a bore. Zero nudity, bland dialogue, unsatisfying ending, low budget distractions, hit or miss pacing, no violence.
I don't dislike REPO MAN, it's just not my bag. I did notice a few things that were influential in later films, video games, etc., so for that, at least, it has my respect.