You can pull the axle out vs. redo the steel strap but it's not easy. Ask me how I know.

I think due to exactly three same reason.

You have practice with the strap now it'll probably be easier to just redo it.

That said if the axle just taps out don't have much to lose I forget if there's any retention besides friction.

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2011 E70 • N55 (me)
2012 E70 • N63 (wife)