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A bill of sale for a car should include key elements: date of sale, vehicle description (year, make, model), selling price, warranty information, and the full names, addresses, and signatures of both the buyer and seller. Even if the car is a gift, a bill of sale should still be created. This legally binding document confirms the purchase from a private party but is not a title itself; it can be used to obtain the vehicle's title from the DMV. Essentially, a bill of sale serves as a contract for the vehicle purchase, becoming legally binding if it adheres to state guidelines.