Depends on where the bike is registered. An ARG registered bike cannot be taken outside the country by a foreigner. A CHL registered bike seems to be able to exit CHL only on a few crossings, most others are refused (search threads for more info). Your best solution is to get a foreign registered bike that someone else has ridden and it at the end of there trip - keep in mind that most trips end in BsAs as most people ride the PanAm south.
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