A tow lift apparatus for a towing vehicle includes a pair of vertically aligned and horizontally and fore-to aft oriented receiver hitches fixedly secured to the rear of the towing vehicle; a lift releasably connected to the receiver hitches, the lift connected to a power source for displacing the tow lift apparatus to and from a loading configuration and a transporting configuration; a connecting mechanism including first and second cradle with a securing device for releasable connection to a vehicle to be towed. The tow lift apparatus is adjustable to accommodate vehicles having different wheel sizes and different wheel widths. A method of assembling and using the tow lift apparatus is provided.