Tumomo.com | Todo en un sólo sitio are classifieds where you can find bikes for sale by owner. Be careful ... stolen bikes, once totaled bikes, Frankenstein bikes, bikes with bad papers, ... you get the picture.
You probably stand a better chance of getting a clean deal from a big brand dealer ... new or used. They could help you with registration and paperwork as well.
http://www.lbc.bo/CIACRUZ/default.aspx is an option for insurance in Bolivia and you can get coverage for all major South American countries from them.
I'm in Santa Cruz ... not real sure if this would all apply to La Paz.
EDIT: by the way, I suppose you know you cannot ride from Columbia to Panama (no roads). Plane or boat only.
On camping vs hostels ... definitely do the hostels. they are cheap and reduce risk compared to camping (crime, diseases like Chagas, ...)
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