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A motor vehicle bill of sale is a document that officially records the transfer of a vehicle from seller to buyer, similar to a receipt but with additional details. It is commonly required by state DMVs for ownership transfer and can simplify the vehicle registration process by including essential vehicle information. For buyers, it facilitates informed purchasing decisions, allowing them to verify the vehicle's history and conduct further inquiries. For sellers, the bill of sale serves to protect against potential disputes with the new owner regarding the transaction.