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A bill of sale for a car should include the sale date, car description (year, make, model), selling price, and if applicable, indicate if it's a gift or partial gift. It must also contain warranty information and the full names, addresses, and signatures of both the buyer and seller. A bill of sale serves as a legally binding document that confirms the purchase of a vehicle from a private seller; while it is not a title, it can be used to obtain the vehicle's title from the DMV. Essentially, it functions as a contract between the buyer and seller, provided it adheres to state guidelines.