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A bill of sale for a car is a legally binding document confirming the purchase and should include the sale date, car description (year, make, and model), selling price, any warranty information, and the full names, addresses, and signatures of both buyer and seller. Even if the car is a gift, a bill of sale is necessary. It's important to understand that while a bill of sale is not the same as a vehicle title, it can be used to obtain the title from the DMV. This agreement serves as a contract for the transaction and must adhere to state guidelines to be legally binding.