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A bill of sale for a car should contain the sale date, car description (year, make, model), selling price, warranty information, and the full names, addresses, and signatures of both buyer and seller. Even if the car is a gift or partially gifted, a bill of sale is necessary. This document serves as proof of purchase from a private party and is legally binding if it adheres to state guidelines. Although it is not a title, it can be used to obtain the vehicle's title from the DMV. Essentially, a bill of sale is a contract for vehicle purchase that formalizes the transaction between the buyer and seller.