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