The first thing I'd check is whether you can take a rented moto out of Chile. I suspect someone here on the HUBB can answer that. Getting a Chilean registered moto that you have bought out of Chile and into Peru/Bol is problematic, so I suspect taking a rented moto out may not be an option.
If you're in S Peru, you can rent good adventure bikes in Cusco, and there's is plenty of epic riding down there. And if the Peruvians let you leave the country, then even more so - south to Titicaca, into Bolivia and down to Uyuni, west into Chile and Putre, back up into Peru through Tacna..... a great ride for 10 days or so.
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