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A bill of sale for a car should include the sale date, a description of the vehicle (year, make, model), selling price, and warranty information. It must also contain the full names, addresses, and signatures of both the buyer and seller. Although the bill of sale is not a vehicle title, it serves as a legally binding document that confirms the purchase from a private party and can be utilized to obtain the vehicle's title from the DMV. Essentially, it acts as a contract between the buyer and seller, provided it adheres to the required guidelines of the state.