I’ve only done LMC once, in 2016. No idea regarding where to stay as we all stayed at Camping Houx inside the circuit- RVs, Camper Vans, vans, tents..... You can hire an RV there as the big rental companies service the event. They bring in generators for power and lay on a water supply to them. (The hook-up in Houx was extremely flukey....) I guess it’s expensive, but everything you need to have in the circuit will cost you money. Scooter, Golf buggy, quad etc all need passes that you pay for. Bicycle free, I believe! Camping is charged also. There was a fleet of volunteer VW type 1 vans and campers doing a shuttle from the parking / camping to the paddocks all weekend in 2016, also free. I believe they are a fixture at the event.
Early arrival at the circuit to avoid spending a day queuing to get in is advisable! They line all the vehicles up in order of arrival until the gates open, over several car parks! You have to see it to believe it. I arrived very early Thursday and was able to get in after a couple of hours. If I go this year I will pay extra to arrive Wednesday and stay in the queue overnight to save time Thursday.....
The paddocks and all the access roads to and from them get very congested during the event. Make sure your race car has good cooling as it will likely be sitting in queues!
All told, worth the effort and an unforgettable experience. There really is nothing else to compare.....
