I’ve got exactly the same bar on my 89 estate. It was a factory fit as the car is a one owner before me.
The bottom part is to locate a stabiliser bar. When I had my previous 82 Elddis van it came with such a stabiliser needing the slot below the ball.
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1989 240DL estate
1982 323i
2012 Punto Easy 1.4
2010 116d
2011 X3 3.0d
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