Look into the ExecuHitch which would be my choice if I went with a Hitch. My E53 has the OEM Hitch and it was not too bad but with the E70's they didn't think about it from the beginning more so of an after thought. If you ever plan on an Aero Kit or just want a nice hidden Hitch then it would be a better choice to go with the ExecuHitch. Price about the same but can be self installed pretty easily and is clean and hidden when not in use.
They are very reputable.
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