I had that adapter in my E39 01 540 sport. It functions fine but closing the wooden flap was troublesome. It will work though and looks fine. Go for it.

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2010 Specialized Epic Carbon Comp XX
1976 FJ40 Toyota Landcruiser (SOA,350ci sbc V8 crawler)
2007 X5 4.8i
2008 Porsche Cayenne Turbo S