Oil pan plug
 

Bought from a vendor here and never used, still in the packaging, $15 shipped.

is this so its easier to drain the oil during oil change?

It is magnatized at the end so any metal particles that may be floating around will stick to the end of the plug. On my car the plug was leaking a little and this was a better alternative than buying a stock drain plug but I sold the car before the next oil change.

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Sold!