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Daniel,
I installed my own hitch on my 01 V70 2.4T. I bought it at www.etrailer.com for about 1/2 of what u-haul wanted to charge me. The install took about 30 minutes for the hitch and 30 for the wiring.
I only have a small 5X8' utility trailer, but I've hauled a good sized lawn tractor around with it. You'll see a noticable mileage drop when hauling a load, but I've had no problems, shifts normal. As the one of the other replies mentioned, you're stopping distance will increase a bit so plan ahead.
Good luck!
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Don 01 V70 2.4T & 96 850S
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