What would happen if I...
... bought a used Equalizer sway control hitch rated for 1200#/12,000# when my vehicle's max tow rating is 1000#/10,000#? I have an opportunity to by a used Equalizer hitch for less than half of reta...
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That hitch should work fine for you. It won't take as much tension on the bars to give you the weight distribution you need. The higher rated hitch will not overload anything.