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A bill of sale for a car should include the sale date, car description (year, make, model), selling price, and relevant warranty information. If the car is a gift or partially gifted, a bill of sale should still be created. It must contain the full names, addresses, and signatures of both the buyer and seller. The bill of sale is a legally binding document confirming the purchase from a private party; however, it is not a title itself but can be used to obtain the vehicle's title from the DMV. Essentially, it serves as a contractual agreement for the vehicle purchase between the involved parties, provided it meets state guidelines.