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A bill of sale for a car should include the sale date, a description of the vehicle (year, make, model), the selling price, and warranty information. Even if the car is given as a gift or partial gift, it is important to create a bill of sale. It must contain the full names, addresses, and signatures of both the buyer and seller. A bill of sale is a legally binding document that confirms the purchase of the vehicle from a private party, although it is not a title itself. This document can be used to obtain the vehicle's title from the DMV. In essence, it serves as a contract for the vehicle purchase, holding legal significance provided it meets state guidelines.