A remotely releasable tow line is provided. The tow line has a releasable latch at a distal end that is removably connected to a race car. The releasable latch is operatively associated with a cable handle adjacent to a proximal end of the tow line. Accordingly, a user disposed on a tow vehicle, to which the proximal end is connected, may manipulate the cable handle so that the release latch disconnects from the race car, in such a way that while the race car is still being towed it is unhooked from the tow vehicle, thereby saving time in getting the race car in a pit area where the race car can be tended to before its soon-approaching next race.