Debroos
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But you can't wildcamp with caravan.Sadly I agree, that is a very low budget to start on, even if you had all the skills needed to keep it going parts are not cheap.
If this is your only option, I'd get a caravan, they're so much cheaper to buy but do still have similar issues with the kit inside, but if you already have a suitable car to tow it this is your cheapest option, there are loads on ebay.
Just an example, but you could if you did get a bad one I suppose PX or scrapping it and get another isn't so far out of the qaustion, not an option with a motorhome though.
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Could you get yourself to somewhere like Bristol where there's a big community of full timers ranging from the well heeled to those who can't afford rent? Talking to them about their experiences and costs should prove helpful...
Maybe buying a regular van and 'camping' in it. This would get you a much better van and you don't need to be very skilled to make it comfy. Wilding in winter will always be cold though.