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A bill of sale for a car should include essential elements: the sale date, a description of the vehicle (year, make, and model), the selling price, and warranty information. If the car is a gift, a bill of sale is still recommended. It must also contain the full names, addresses, and signatures of both the buyer and seller. The bill of sale serves as a legally binding document confirming the purchase from a private party, though it is not a title itself. It can be used to obtain the vehicle title from the DMV. Essentially, a bill of sale is a contract for the vehicle purchase between buyer and seller, adhering to state guidelines for legality.