When it comes to selling your car, having a receipt of sale is crucial to protect both parties. It should include the transaction date, comprehensive contact details for the seller and buyer, and a detailed description of the vehicle sold, including characteristics like make, model, and serial number. Clearly state the sale price, payment method, and any specific payment terms, and remember to incorporate any relevant terms and conditions, such as warranties or return policies. A receipt of sale is essential for legal and record-keeping purposes, serving as proof of purchase, ensuring clarity and detailing the parties' agreement to the transaction.