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A bill of sale for a car must include the sale date, a description of the vehicle (year, make, model), and the selling price. Even if the car is a gift, a bill of sale is necessary. It should include warranty information, as well as the names, addresses, and signatures of both the buyer and seller. A bill of sale is a legally binding document confirming the purchase from a private party, and while it is not a title, it can assist in obtaining the vehicle's title from the DMV. Essentially, it serves as a contract for the vehicle purchase when it adheres to state-specific guidelines.