I was a tourist in Brazil and was able to buy a motorcycle legally after I got a CPF (a personal identification number). Leaving the country with the motorcycle wasn't a problem at all but this was over six years ago. I don't know if things have changed in that time. Mind you though, buying a motorized vehicle in Brazil is still a pain in the ass because there's quite a few steps involved an it'll take a few weeks. Afterwards I was told that other countries in Latin America don't necessarily make it that difficult.
Hope this answers your question.
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