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A bill of sale for a car should include the sale date, car description (year, make, and model), selling price, and warranty information. Even if the car is a gift or partially gifted, a bill of sale is still necessary. It must also feature the full names, addresses, and signatures of both the buyer and seller. The bill of sale is a legally binding document affirming the purchase of the vehicle from a private party, helping the buyer obtain the vehicle's title from the DMV. It serves as a contract between buyer and seller, adhering to state guidelines for it to be legally binding.