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A bill of sale for a car should include the sale date, a detailed description of the vehicle (year, make, and model), the selling price, and any warranty information. If the car is a gift, a bill of sale should still be created. It must contain 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 is not a title. It can help in obtaining a vehicle title from the DMV. Essentially, it functions as a contract between buyer and seller, provided it adheres to state guidelines.