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A motor vehicle bill of sale is a document that records the transfer of a motor vehicle from a seller to a buyer, similar to a receipt but more detailed. It is typically required by states for completing the transfer of ownership at the DMV and can simplify the vehicle registration process by including essential details. For buyers, the bill of sale aids in making informed purchases by allowing them to check the vehicle's history and conduct their own inquiries. For sellers, it helps avoid potential disputes or issues with the new owner.