2014 experience
I realise that my case is different as I was a buying a new bike from a dealer, but it was much simpler.
The bike shop gave me a bill of sale which I had to take to a notary - just to get my paperwork and signature verified (I had read about the "permiso para firmar contratos" but was told I didn't need it - and it is only valid for 30 days, I believe), and cost me 5 soles. I took this back to the bike shop and was told the paperwork and plate would be back in around 28 days - and I rode away on my new bike. Time taken was around 3 hours!
I went straight to a kiosk in the nearest Mall and bought my SOAT (3rd party compulsory insurance) for 380 soles (it varies between location), and was good to go. The document (plastic credit card type) duly arrived, along with the plates, and everything is 100% legal. Have been "checked" numerous times by the police on my travels and most just want to check that the "tarjeta" (card) agrees with the number plate!
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