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A bill of sale for a car should include the sale date, a description of the car (year, make, and model), the selling price, and warranty information, even if the car is a gift. 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, and while it is not a title, it can be used 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 relevant state guidelines.