There shouldn't be an issue getting to Peru if the title is in your name. I think people have ran into problems with a POA i.e. they've bought second hand bikes in Chile.
If you buy new in Chile I would suggest you can travel across boarders very confidently. For those interested, buying in Chile has just got harder as of 2015 as you now need a Chilean 'representative' to act as some sort of guarantor.
But the rest, then yes that is pretty much the case. Someone said you can get a year extension from the aduana but when I asked he seemed unsure and said you needed to be part of a automotive club, or at least that was what I understood.
To do things 'correctly' it seems my only way around it would be either to ship the bike back to Chile, then fly down and sell it, or just drive it back myself. The former would be so expensive I might as well just leave it lying around with the keys in the ignition and hope it gets stolen and the latter isn't really conducive to my travel plan and would be expensive and time consuming.
My main concern wouldn't be so much the Chilean aduana as you have nothing to do with them when you go as a tourist but invalidating my Colombian TVIP, but then people on the HUBB said they have done this, so it'd be great to her from them?
Cheerio,
RTW
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