I've had the cheapo Harbor Frt. impact for yrs.
---- 2700 BPM, 240 ft. lbs. torque ----
All my neighbors & I use it for R&R'ing wheel lug nuts only. The trick is to "let-go of the trigger" upon installation..., then hand or torque wrench the rest of the way to proper spec.
As Seabronc says, most wheels on new(er) cars have a recommended torque, as do the aftermarket wheels.
"Rule of thumb" for 4x4'n.., don't put them on so tight that you can't get them loose out on the trail..!! :angry:
AND, insp. them going/coming/often. I put mine on by feel with a "star" wrench. That usually works out to about 80 ft/lbs.
As to other bolts.., snapping them off in a needed attach point hole is not a fun thing...

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