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A bill of sale for a car should include the date of sale, a description of the car (year, make, and model), the selling price, and warranty information. If the car is a gift or partially gifted, a bill of sale is still necessary. It requires the full names, addresses, and signatures of both the buyer and seller. The bill of sale is a legally binding document that confirms the purchase from a private party and is used to obtain the vehicle's title from the DMV. Essentially, it serves as a contract between the buyer and seller, being legally enforceable as long as it adheres to state guidelines.