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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 sale price, and, if applicable, gift details. It also needs warranty information and the full names, addresses, and signatures of both the buyer and seller. The bill of sale acts as a legally binding document that confirms the purchase from a private party, but it is not a title. However, it can be used to obtain the vehicle title from the DMV. In essence, a bill of sale is a contract for the vehicle's purchase that is binding as long as it meets state guidelines.