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Why is getting a towbar fitted so expensive?

An independent workshop wants to charge £500 to supply and fit a towbar to my Peugeot 308. They claim they have little choice given the complexity of modern-day electrics. Is there a cheaper way?

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All towbars have had to be specifically EU Type Approved under Directive 94/20/EC, which became compulsory under EU legislation in 1998. So no, there isn't a cheaper route.
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