I was recently involved with a charity motorcycle ride in Indochina - we shipped the bikes over from here. Europe will have its own issues, but in general its not that hard depending on how determined you are - some points:
1. You'll need a Carnet Du Passage - basically paperwork saying you will not sell the car (or any other item of value) whilst in that country. They are a bit of a pain to manage and must be checked at each border crossing (not sure about the EU?) to make sure you still have all the items on the Carnet.
2. Insurance was impossible for us - YMMV with a car and being in Europe though. It certainly wont be cheap.
3. The bikes are not back yet, but plan for a real bun-fight with AQIS. You cannot have any dirt, seeds, plant matter, blood etc... on anything coming back to Oz (fair enough too). I've had canvas seats cut off vehicles when coming back into Oz before.
It does sound like an excellent idea though - what a great adventure. Although its about motorbikes, I recommend you have a look at this site Horizons Unlimited - THE Motorcycle Travel site its all about travelling the world on bikes, so a lot of the administrative issues will be the same.
I thought the bum had dropped out of the economy in Iceland and everything was super cheap now?
Cheers,
Adam
PS - I didnt arrange any of the trip to Indochina, but my mates did. If you like, PM me and I'll put you in touch - they know all about shipping vehicles overseas now!


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as are brown rust spots cause they look like dirt and mud when wet. 

defers over there mate

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