If you really need a hitch and want a one stop shop, then this can be justified. I bought a brand new one (still in box) for a lot less but just because. If it was around this price I never would have for the amount I use mine but if you want to use a hitch often this is easily worth the cost since you do not need to track parts (in good condition) down.

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I swear, my cars are like a girlfriend.
Sometimes its a rough ride, sometimes its smooth motorin'.
Sometimes she doesnt like how i treat her and sometimes i dont like how she behaves.
BUT at the end of the day, she loves it when I am inside her.

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'91 850i
'05 X5 4.4i
'09 Clubman S