Here's what I've been using:
http://www.thetoolwarehouse.net/shop/MIT-7201.html
I paid $99.00 for mine 8 months ago so this is a steal. All components are of industrial grade and this unit requires minimal attention during the oil removal cycle. It will hold 8.7 Quarts so even the big V8's can be drained easily. Definitely worth the money IMO.