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A bill of sale for a car should include the sale date, a description of the vehicle (year, make, model), and the selling price. If the car is given as a gift, a bill of sale is still necessary. It must also have warranty information and the full names, addresses, and signatures of both the buyer and seller. A bill of sale is a legally binding document confirming the purchase of a vehicle from a private party. While it is not a title, it can be used to obtain the vehicle's title from the DMV. Essentially, a bill of sale is a contract between buyer and seller, which is legally binding if it adheres to state guidelines.