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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, and warranty information. Even if the car is a gift or partial gift, a bill of sale is necessary. It must include the full names, addresses, and signatures of both the buyer and seller. A bill of sale serves as a legally binding document confirming the purchase from a private party, but it is not a title. However, it can be used to obtain the vehicle's title from the DMV. Essentially, it is a contract for vehicle purchase, binding for both parties if it adheres to state guidelines.