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A motor vehicle bill of sale is a document that records the transfer of a motor vehicle from a seller to a buyer, similar to a receipt, but with more importance. It is required in most states for buyers to complete the transfer of ownership at the DMV, and it can simplify the registration process by providing essential vehicle details. For buyers, it allows for thorough checking of the vehicle's history. For sellers, it helps avoid potential issues with the new owner by documenting the sale.