Combined oil filter and magnet apparatus

A combined oil filter and magnet apparatus, comprising:

• an oil filter housing which includes a first end having an oil output fitting and a second end opposite said first end, a filter material/flow director support attached to the oil output fitting, a quantity of filter material carried by said filter material/flow director support, a centrally located filtered oil flow space defined by said quantity of filter material, an oil flow director attached to said filter material/flow director support and extending into said centrally located filtered oil flow space, wherein said oil flow director has a first open end connected to the oil output fitting and a second open end proximate the second end of the housing such that all of the oil passing through said filter material exits said filtered oil flow space through the second open end of the oil flow director, and
• a removable and reusable magnet unit removably attached to said oil filter housing, wherein said removable and reusable magnet unit is located on an external surface of a wall defining the second end of said oil filter housing coaxially with respect to said oil flow director and said centrally located filtered oil flow space such that the magnetic flux of said removable and reusable magnet unit substantially is concentrated in said centrally located filtered oil flow space defined by said quantity of filter material whereby oil flowing through said apparatus is effectively exposed to said magnetic flux after passing through said quantity of filter material.