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A bill of sale for a car should include the sale date, a description of the vehicle (year, make, model), and the selling price. Even if the car is given as a gift or partial gift, a bill of sale should still be created, including warranty information, and the full names, addresses, and signatures of both the buyer and seller. A bill of sale serves as a legally binding document confirming the purchase of the vehicle and can be used to obtain the vehicle's title from the DMV. Essentially, it acts as a contract for the purchase, binding the buyer and seller as long as it adheres to state guidelines.