2005 Formula 240 Bowrider Boat in Babylon, NY 11702 US

$49,900

Used
builtBuilt in 2005
Year the boat was built
model

240 Bowrider

Boat model
engine

1 Engine (MerCruiser)

Engine type and count
length

24 feet

Overall boat length
fuel

Gas

Fuel type
material

Fiberglass/Reinforced

Hull material
Nominal Length
24ft
Length Overall
24ft
Beam
8.5ft
Max Bridge Clearance
4.67ft
Max Draft
3ft
Deadrise At Transom
20deg
Dry Weight
5000lb
Heads
1
Fresh Water Tanks
10gal
Fuel Tanks
60gal
Hull Material
fiberglass
Hull Shape
deep-vee
Engine 1
Engine Make
MerCruiser
Engine Model
6.2L MPI Bravo III
Total Power
320hp
Fuel Type
gasoline
Engine Year
2005
Drive Type
stern
Manufacturer Provided Description
The 240 delivers the striking design and smart ergonomics expected in a Formula. Sporting a 20-degree deadrise consistent with its legendary performance heritage, the 240 Bowrider measures 24' with an 8'6" beam. Feature-filled and ready for action, the Formula 240 Bowrider packs in all the elements for good times on the water. From the concealed bow beach ladder to the full-length aft sun lounge, expansive, over-drive swim platform and ski/wakeboard swivel-head rope mount, the 240 delivers the fun you would expect from a Formula in a package that turns heads as you power past.
Disclaimer
The Company offers the details of this vessel in good faith but cannot guarantee or warrant the accuracy of this information nor warrant the condition of the vessel. A buyer should instruct his agents, or his surveyors, to investigate such details as the buyer desires validated. This vessel is offered subject to prior sale, price change, or withdrawal without notice.

Price History

DateEventPrice
6/6/26Initial price$49,900

Contact Riteway Marine Solutions

12 Post Place, Babylon, NY, 11702

Boattest.com Review

Overview

The Formula 240 Bow Rider is an upscale sport boat designed to blend sporty handling with refined features. Measuring 24 feet in length overall with a beam of 8 feet 6 inches and a draft of 36 inches, this model offers a balance of performance and comfort. With an empty weight of 5,000 pounds and a test weight of 5,744 pounds including fuel and two passengers, the 240 Bow Rider is powered by a single 430 horsepower Mercruiser 8.2 MAG engine paired with a Bravo 3 outdrive.

Exterior Design and Engine Access

Access to the engine compartment is facilitated by a hatch that can be opened manually in case of electrical failure, thanks to an actuator release pin accessible through a forward bulkhead hatch. The engine compartment is fully gel coated and features noise suppression under the hatch along with a courtesy light. Storage for the cockpit table and pedestal base is conveniently located on the starboard side, with drains leading overboard to manage water ingress. Safety features include a standard automatic discharge fire extinguisher mounted on the forward bulkhead. Maintenance is simplified by easy access to both sides of the engine compartment, which houses two brass ball valves with double-clamped hoses connected to a small bilge pump.

Helm and Control Layout

The helm station is a full fiberglass module designed for ergonomic efficiency. It incorporates two contoured molds that accommodate SmartCraft gauges, including the standard SmartTow system. The lower panel features a brushed aluminum finish with analog gauges, a depth gauge, and trim gauge flanking the central instruments. The helm includes two drink holders, a remote stereo control on the left, and lighted waterproof rocker switches on both sides of the tilt-mounted steering wheel. The digital throttle controls provide comfortable handling with features such as auto start and stop, a throttle-only button, and an armrest for precise engine adjustments.

Performance and Handling

During testing, the Formula 240 Bow Rider achieved a top speed of 53.6 miles per hour at 4,700 RPM, consuming fuel at a rate of 32.5 gallons per hour, which translates to a range of approximately 89 miles. The most efficient cruise speed was recorded at 31.1 miles per hour at 3,000 RPM, with a fuel burn of 10.65 gallons per hour, allowing for over five hours of operation and a range of 157 miles while maintaining a 10% fuel reserve. Acceleration was brisk, with the boat planing in 3.6 seconds, reaching 20 miles per hour in 6.2 seconds, 30 miles per hour in 9.2 seconds, 40 miles per hour in 11.8 seconds, and 50 miles per hour in 16.6 seconds. The bow rises approximately 16 degrees upon acceleration but remains below the horizon line, preserving forward visibility. Deceleration results in a stern-first settling with the bow remaining elevated without obstructing the view.

Handling Characteristics

The 240 Bow Rider exhibits responsive and comfortable handling. The helm requires only one and a half turns from lock to lock, enabling quick maneuvering. Turns are accompanied by a slight slide that enhances passenger comfort by smoothing the ride. At no-wake speeds, visibility is limited by the windshield frame, but at cruising speeds, the bow attitude improves to a 5-degree bow-high position, offering clear sightlines through the windshield. Operators are advised to apply modest up-trim adjustments at cruising speed to shift spray aft and gain speed, while avoiding excessive trim to prevent oscillation.

Conclusion

The Formula 240 Bow Rider successfully combines the agility and responsiveness expected of a sport boat with upscale features and thoughtful design elements. Its performance metrics, ergonomic helm layout, and practical maintenance access points make it a well-rounded runabout suitable for recreational boating enthusiasts seeking both style and substance.

Rating: 4.2 out of 5

Overview from around the web 2005 Formula 240 Bowrider

The 2005 Formula 240 Bowrider has garnered positive feedback from customers who appreciate its blend of performance, comfort, and stylish design

Many users highlight its powerful engine performance, which offers a thrilling ride and swift acceleration, making it ideal for both leisurely cruising and water sports. Owners often praise the spacious and well-designed cockpit layout, with ample seating that comfortably accommodates family and friends. The plush upholstery and quality fittings enhance the overall experience, ensuring everyone enjoys a day on the water. The thoughtful storage compartments also receive commendations, as they help keep the deck tidy and organized. The bow area is noted for its inviting and social atmosphere, perfect for sunbathing or enjoying drinks with friends. Customers appreciate the attention to detail in the craftsmanship, with many noting the sleek and elegant lines that give the boat a distinctive look on the water. Additionally, the 240 Bowrider’s stability and handling in various conditions are often mentioned, with users feeling confident even in choppy waters. Overall, the 2005 Formula 240 Bowrider is celebrated for its combination of sporty performance and luxurious features, making it a favored choice among boating enthusiasts.

The Biggest Pros and Cons

2005 Formula 240 Bowrider: Pros and Cons

Pros

Performance: The Formula 240 Bowrider features a powerful engine that delivers impressive speed and agility on the water, making it ideal for thrill-seekers and watersport enthusiasts.

Comfortable Seating: With spacious, plush seating, this boat accommodates families and friends well, providing ample room for day trips or relaxing outings.

Versatile Design: Its bowrider layout offers versatility for both cruising and recreation. The open space allows for easy movement and can transform into a sunbathing area.

Quality Construction: Formula is known for its high-quality craftsmanship and durable materials. This boat typically features a well-built hull that enhances performance and longevity.

Stylish Appearance: The Formula 240 Bowrider boasts a sleek, modern look with stylish finishes, making it visually appealing on the water.

Storage Solutions: Ample storage compartments are designed to keep all your gear organized and out of the way, enhancing the overall convenience onboard.

Family-Friendly Features: With amenities like a swim platform, easy access to the water, and optional features such as a head compartment, it caters to families looking for fun and comfort.

Cons

Fuel Consumption: Depending on the engine configuration and usage, fuel consumption can be higher, especially when used for high-speed activities.

Maintenance Costs: While the build quality is excellent, maintaining a performance boat can be more costly than more basic models, and parts may be pricier.

Limited Overnight Capabilities: The Formula 240 Bowrider lacks full sleeping accommodations, limiting its use for overnight trips or extended outings.

Draft Limitations: The boat's draft may restrict access to shallower waters, which could limit potential exploring grounds in certain locations.

Price Point: Being a premium brand, the Formula 240 Bowrider may come with a higher initial investment compared to other boats in its class.

Weight Considerations: While its solid build contributes to stability, the weight of the boat may require a larger tow vehicle, which could be a consideration for owners.

Speaker System Upgrades: While it may include a basic sound system, some users might find the need to upgrade for enhanced audio experiences while cruising.

Made For

The 2005 Formula 240 Bowrider is perfect for boating enthusiasts and families looking for a stylish, versatile vessel that combines performance with comfort. Ideal for those who enjoy water sports, leisurely cruises, or social outings on the water, this boat caters to a diverse range of activities. Its spacious layout accommodates family and friends, making it an excellent choice for gatherings and day trips. With its sleek design and advanced features, the Formula 240 Bowrider appeals to both experienced boaters and newcomers alike, providing a reliable and enjoyable experience for all. Whether you’re seeking thrills on the water or a relaxing escape, this bowrider is designed to meet the needs of anyone passionate about sharing adventures on the open water.

Finance your dream boat!

Use our boat payment calculator to estimate monthly payments for 2005 Formula 240 Bowrider. Enter your down payment, choose a loan term, and adjust the interest rate to see an instant payment estimate — ideal if you're calculating boat payments before you enquire. Wondering how much does a Runabout cost in today's market, or how much does a Formula cost for similar models? This boat financing calculator helps you compare scenarios in seconds, whether you're considering used boat financing or a new purchase.
$
$
510152025
%
Principal Loan Amount$ 42,415
Total Payment$75,836.44
Monthly payment
$315.99/mo

Finance your dream boat!

Use our boat payment calculator to estimate monthly payments for 2005 Formula 240 Bowrider. Enter your down payment, choose a loan term, and adjust the interest rate to see an instant payment estimate — ideal if you're calculating boat payments before you enquire. Wondering how much does a Runabout cost in today's market, or how much does a Formula cost for similar models? This boat financing calculator helps you compare scenarios in seconds, whether you're considering used boat financing or a new purchase.
$
$
510152025
%
Principal Loan Amount$ 42,415
Total Payment$75,836.44
Monthly payment
$315.99/mo

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12 Post Place
Babylon, NY 11702

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