Yes it is a perfect jacking point. It is dead center, it distributes the weight to the frame and lifts the car evenly on both sides so I can fit the jack stands under the rear corners.

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2002 BMW X5 3.0
2006 Ford Explorer 6 cyl
1998 VW Jetta 2.0 GLS
2004 Honda VTX1800C 100hp 97 lb of torque