I'm travelling on a bike I bought new in Peru a couple of months ago. I had no spanish but the dealer had some english and sorted paperwork with no trouble, I just needed to get the 'permiso especial para firmar contratos' stamp from the migration office for $50 before bying the bike. Insurance was easy, taking about 15 mins and $200. Paperwork is fine I had no trouble crossing to Ecuador. Insurance isn't valid out of Peru but the border guys in Ecuador told me I didn't need any here and police checking my papers haven't said anything.
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