I actually ended up using a shop press. The bushings will be out in minutes and with no effort. Bought a 12 ton shop press from HarborFreight for about $90 (they were on sale). The shop press stores away nicely as it actually takes very little space. Use 2 exhaust clamps to compress the new bushings so that they can be inserted into the swing arm and pressed down with the shop press. Got the clamps from Carquest for about $12 a-piece. Make sure the bushing is aligned properly on the swing arm and on the press so that it goes in straight. I got that biffy gray circular plate (on the tip of the shop press stem on top of bushing adaptor) from homedeport to help in aligning things. Rented bushing removal adaptors from Oreilly.

If you're installing poly bushings, this project is child's play with a shop press. The original bushings were still in good condition visually at 130k miles.

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'05 E53 X5 4.4i, '97 E39 528, '07 E92 335i, '16 F86 X6M.