Horizons Unlimited - The HUBB - Sharing Chile ownership or motorcycle

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Sharing Chile ownership or motorcycle

Hi
I have an Australian friend who purchased and owns a Honda XR250 in Chile he purchased from new so it is all legal.
If I was to buy half ownership of the bike how would that work. Would we need to transfer ownership when I want to use the bike and back again when he does. Or do we keep the bike in his name with a letter of authorization from him. Is that an issue when you go through boarders?
Any ideas or thoughts would be fantastic.
Nick

Quote:

Originally Posted by makia (Post 413604)

LOA will be ok for Argentina and Bolivia, but not Peru.

Quote:

Originally Posted by makia (Post 413604)

Hi
Would we need to transfer ownership when I want to use the bike and back again when he does. Or do we keep the bike in his name with a letter of authorization from him. Is that an issue when you go through boarders?
Any ideas or thoughts would be fantastic.
Nick

Hi, Here in my country (Argentina) you can either share the ownership of any vehicle, meaning that the vehicle has to be registered to the name of BOTH owners, also indicating the % they own (like 50 / 50, 40 / 60, etc).
Vehicles have a green ID card here, and each of the owners gets one. In case there is only one owner, and one or more persons are authorized to drive it, the owner has to request a Blue ID card for the vehicle for EACH person authorized to do so. The person exhibiting a Green or Blue card can drive the vehicle inside the country and even cross borders with it.
Chile may have similar rules.