Here's a video on installing a hitch for a 2003, they didn't have a video for a 2004, but it should be similar. Etrailer has two hitches available for the X5 E53. A Drawtite and Curt. The Drawtite has a higher rating and I would buy that if I was installing a hitch.
I have purchase items from etrailer and has been very satisfied with the products they sell and the service they provide. Shipping is extremely quick.
Draw-Tite Trailer Hitch for BMW X5 2004 - 75492
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2006 Infiniti G35
2001 BMW 3.0I E53 X5 Build date 08/2000 SOLD
Lotus Europa 1970 Destroyed by fire
Lotus Europa 1970 S2 Renault Powered
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PORSCHE 911 Targa 1982 The Garage Queen
Audi Avant donated to Kars for Kids
BMW 525IT Sold
Audi 4000CS Quattro Sold
Jensen Healey Lotus Powered Sold
Opel 1900 Sold
Triumph Spitfire 1971 Sold
Triumph Spitfire 1968 Sold
Plymouth "Cuda" 340 Six pack SOLD
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