I have the Thule t2 xtr or something like that.. it folds up like you describe or lays flat to load the bikes. It also drops down towards you so you can open up a hatchback without hitting the bikes. Laying flat, the tire hits the latch handle. I have to drop it down towards me to get the tire to clear. I also got a longer piece of 2" tubing and drilled the necessary holes in it to replace the short one that came with it. I had to put that on there so it would clear the spare while folded upright. It sticks out kinda far but I got a spare tire mounted rack to put my daughter's bike on. Then mine and my girlfriends bikes go on the Thule...