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A bill of sale for a car should include the sale date, a description of the vehicle (year, make, and model), the selling price, warranty information, and the full names, addresses, and signatures of both the buyer and seller. It is important to create a bill of sale even if the car is a gift or partially gifted. A bill of sale is a legally binding document that confirms the purchase of the vehicle from a private party, though it is not the same as a title. It can be used to obtain the vehicle's title from the DMV. This agreement serves as a contract between the buyer and seller, becoming legally binding as long as it adheres to state guidelines.