Hope this reply is not to late... I did it. it works. Was few years back. I do not think what I did was Illegal in any way.
The situation was similar: A friend riding with California license plates sign the title and passed to me.I titled the bike in my name and registered the bike in Georgia were I live. to cover more bases we went to a local layer/notary and did a bill of sale. Then we boarded the ferry and I switch to the GA license plates and I arrived to Argentina with a bike on my name.
nothing was illegal since he left Uruguay with the bike in his name and I enter argentina legally with the bike being my property and registered on my name. Hope this help.
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Altazor
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