Unless you pay import taxes and go through official channels, it is generally illegal to sell a vehicle that has entered under a TVIP to anyone, local or foreigner, in any country.
Ways around it which usually work if handled carefully, but not all sellers, and most certainly not all buyers know the traps and tricks and some come unstuck.
Big problem is that in some home countries there is no way to assume legal ownership of the vehicle back in the home country unless you are a citizen of that country, or are actually back in the country in person and in some cases the vehicle has to be there too. Without being able to do that, the new owner is never going to be sure that border crossings and purchasing insurance will work.
Despite these problems, heaps of people are driving around in S America in vehicles they bought there so it is not impossible.
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