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A motor vehicle bill of sale is a document that details the transfer of ownership of a motor vehicle from a seller to a buyer, functioning similarly to a receipt. It is essential for buyers as many states require it for transferring ownership at the DMV, facilitating the registration process by including key vehicle details. The bill of sale enables buyers to verify the vehicle's history and conduct independent inquiries. For sellers, the document helps prevent potential disputes regarding ownership after the sale. Overall, it serves as a crucial record for both parties involved in the transaction.