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The key points from the YouTube video tutorial on creating a bill of sale for a car are: include the date of the sale, description of the car (year, make, model), selling price, even if it's a gift, warranty information, full names, addresses, and signatures of both buyer and seller. A bill of sale is a legally binding document confirming the purchase of the vehicle from a private party, not a title, but can be used to obtain one from the DMV. It is essentially a contract for the purchase of the vehicle between the buyer and seller, following state guidelines to make it legally binding.
