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The Equalizer brand hitch is the cheapest I have found with sway control built in and it is easy to install and set up. I've used mine for nearly 2 years and it has been great (no chains to fool with). I paid $399 delivered from Rvwholesalers.com.
I don't remember what brand mine is, I think its a cheaper brand made in Tiawan. I only paid around $250 and its fine. I bought it at a local welding shop. I just looked at them briefly at TSC last weekend and I could swear that they had a Valley model for around $290. Sway control, if you want or need that, costs about $100-125 more.
I have an EazLift that I bought from JC WHitney back in 98. Also got the sway kit.
Works fine after maybe 15,000 miles(SWAG) of towing my 8000# trailer. It does have chains but no big deal.
If you but this brand, get the right transfer bars for your weight. For example if your trailer weighs 8000#(gross), your tongue is probably 1,200 so go for the bars handiling that weight. I have bars for I think mine are 750 or 800 and they can be a bit jouncy with a full load.
Periodically clean, lubricate and tighten the hitch, bars, ***** etc. Things do work loose over time.
I've used them all and they've all worked. I'm not a fan of the round bar type, preferring the beam type trunion bars. No particular reason other than the beam type just seem stiffer/feel more secure when latching them up.
BTW, the chains to the reciever loops have nothing to do with the weight distributing hitch other than they are related to the trailer hitch, but they do very different things.
There are sometimes two sets of chains. One set is connected to the A frame of the trailer and are meant to cross under the hitch ball and then connect to the loops on the truck hits frame. These chains are required by law. If you hitch fails, it is hoped that the A frame will drop into the crossed links and not hit the ground. This is supposed to give you enough time and control to get stopped. It also prevents the trailer from rolling on it's merry way, free of any connection to the truck.
The other set of chains, if you have that type, are what is used to adjust the pressure or takeup, not sure what it is called, of the wieght transfer bars on a weight distributing hitch. This chain is the one people are talking about when they say "have 3 or 4 links on the adjustment". This chain is not required by law as far as I know, but they are cruicial to how some WD hitches work.
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