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A motor vehicle bill of sale is a document that officially records the transfer of ownership from a seller to a buyer, functioning much like a receipt. It is required in many states for completing vehicle ownership transfers at the DMV and can streamline the registration process by containing essential vehicle details. For buyers, it facilitates informed purchasing by allowing access to the vehicle's history and enabling independent inquiries. For sellers, the bill of sale protects against potential disputes with the new owner. Overall, the document serves as a crucial part of the vehicle transaction process.