As a last resort, MC Federal will repossess collateral which was offered as security on a loan account in the event that payments cannot be made in a timely manner. The following is a list of current repossessed vehicles. All vehicles are sold AS-IS. MC Federal will not be held responsible for any mechanical or physical defects of any vehicle sold. Please ask for a Sealed Bid form and an envelope, from any of our branches, if interested in placing an acceptable bid. Non-acceptable bids will be rejected. Sealed Bid forms have more information regarding the bidding process. Sealed bids must be delivered in person to our Danville Branch or mailed as follows: