My parents used to be very keen caravanners travelling around Europe post retirement. We bought one (very s/h) refitted it, but frankly did not work for us. At the time caravans could be very basic and hotels and self catering beckoned - more comfortable and no more expensive.
Fast forward 40+ years and caravans and motorhomes can be very comfortable. Both are only worth buying if they are used either frequently (eg: most weekends in summer) or "grand tours".
I suspect if looking I would go for car and caravan - the reasons:
- new caravans are about half the price of similar size motorhomes
- I assume the price differential is carried through to s/h options
- motorhome = tow a smart car, walk or bike, or use public transport - all real constraints
- motorhome does not really double as daily transport when home
- motorhome needs servicing, tax and insurance. Caravans uch more limited.
- choice may be constrained due to driving licence restrictions
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