In my experience it was easier to purchase in Bolivia than in Chile, if you purchased new here then you would have all of your papers in 2 days and be ready to ride away. Second hand will take about 5 days and then you have all of the original documents in your name. Total cost for paperwork transfer is about $60-$70.
Also I have the same bike as Glasswave it's a great choice, really reliable and parts are everywhere. Keep the oil changed and the motor is bulletproof. Although it doesn't look like it, the NX400 is a good choice for riding off-road. Would be worth considering his sale in my opinion.
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