2008 Formula 292 FASTech

$59,900

$64,900

Used

Boat in Dolton, IL 60419 US

builtBuilt in 2008
Year the boat was built
model

292 FASTech

Boat model
engine

2 Engines (2x MerCruiser)

Engine type and count
length

29.2 feet

Overall boat length
fuel

Gas

Fuel type
material

Fiberglass/Reinforced

Hull material
Nominal Length
29.17ft
Length Overall
29ft
Beam
8.25ft
Max Bridge Clearance
4.92ft
Max Draft
2.75ft
Cabin Headroom
4.42ft
Deadrise At Transom
24deg
Dry Weight
7000lb
Heads
1
Fresh Water Tanks
19gal
Fuel Tanks
113gal
Holding Tanks
2.6gal
Hull Material
fiberglass
Hull Shape
deep-vee
Engine 1
Engine Make
MerCruiser
Engine Model
6.2 MPI Bravo 1
Total Power
320hp
Engine Hours
883
Engine Type
inboard-outboard
Fuel Type
gasoline
Engine Year
2008
Drive Type
stern
Propeller Material
stainless-steel
Engine 2
Engine Make
MerCruiser
Engine Model
6.2 MPI Bravo 1
Total Power
320hp
Engine Hours
889
Engine Type
inboard-outboard
Fuel Type
gasoline
Engine Year
2008
Drive Type
stern
Propeller Material
stainless-steel
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
5/19/26Price decreased$59,900(-7.7%)
4/22/26Price decreased$64,900(-5.8%)
1/11/26Initial price$68,900

Contact Elite Yachts Chicago

14001 Cottage Grove Avenue, Dolton, IL, 60419

Boattest.com Review

Overview

The Formula 292 represents a significant addition to Formula's Fastech lineup, marking the company's first twin-screw powered boat under 30 feet in nearly a decade. Designed to bridge the gap between the 271 and 312 Fastech hulls, the 292 combines advanced hull technology with twin 300 horsepower Mercruiser 350 Magnum MPI engines, delivering impressive performance and handling characteristics.

Exterior Design and Deck Features

At 29 feet 2 inches in length with an 8 foot 3 inch beam and a displacement of approximately 7,000 pounds, the 292 features a sleek needle-nose bow that ensures smooth re-entry even through large wakes. The aft deck comfortably accommodates three to four passengers on a spacious bench seat equipped with high-quality McLeod bolster upholstery, electrically adjustable seating, and deep molded footrests. Practical features include gel-coated storage bins free of raw fiberglass, sturdy grab rails for safety during high-speed maneuvers, and a motorized engine hatch that provides easy access to the engine compartment.

Interior Living Spaces

Below deck, the Formula 292 offers a well-appointed lounge area with ultra-leather seating supported by a stringer system for durability. The forward cabin includes a surprisingly spacious double bunk, complemented by a concealed portable head for convenience. Additional amenities include a small sink and cooler located aft, enhancing comfort and functionality for extended outings.

Power and Performance

Powered by twin Mercruiser 350 Magnum MPI engines rated at 300 horsepower each, the 292 delivers robust performance. The Fastech stepped hull design contributes significantly to its speed and stability, enabling the boat to accelerate from a standstill to planing in five seconds and reach a top speed of 70 miles per hour. While the stepped hull induces a brief bow rise upon acceleration, it provides excellent grip during turns and maintains composure in crosswinds, leaning gently into the breeze like a well-engineered deep V hull. The optimal cruising speed was found to be 34.4 miles per hour at 3,000 rpm, offering a range close to 200 miles.

Conclusion

The Formula 292 successfully reintroduces twin-engine power to Formula's sub-30-foot range, combining advanced hull technology, strong performance, and thoughtful comfort features. Its blend of speed, handling, and onboard amenities makes it a compelling choice for enthusiasts seeking a high-performance sport boat with practical accommodations.

Overview from around the web 2008 Formula 292 FASTech

Customers praise the 2008 Formula 292 FASTech for its impressive performance and sleek design

Many highlight its powerful engines and smooth handling, making it a favorite for both high-speed cruising and comfortable day trips. Owners appreciate the spacious and well-appointed cockpit, which offers ample seating and storage, as well as the quality craftsmanship throughout the boat. The blend of speed, style, and comfort makes the Formula 292 FASTech a standout choice for boating enthusiasts seeking a reliable and stylish sport cruiser.

The Biggest Pros and Cons

The 2008 Formula 292 FASTech offers a dynamic blend of performance and style, making it a popular choice among sport boat enthusiasts. Here are some of its pros and cons:

Pros

High Performance: Equipped with FASTech hull technology, the 292 delivers exceptional speed and smooth handling, even in choppy waters.

Sleek Design: The boat features a modern, aerodynamic profile that not only looks great but also enhances fuel efficiency and stability.

Spacious Layout: Despite being a sport boat, the 292 FASTech offers ample seating and storage, making it comfortable for day trips and entertaining guests.

Quality Build: Known for solid construction and durable materials, ensuring longevity and reliability on the water.

Versatile Use: Suitable for various activities including cruising, watersports, and entertaining.

Cons

Fuel Consumption: As a high-performance boat, it can consume more fuel compared to more economy-focused vessels.

Price Point: The advanced technology and features can make it a more expensive option relative to similar-sized sport boats.

Maintenance: Performance boats like the 292 FASTech may require more frequent maintenance to keep engines and hulls in peak condition.

Limited Cabin Space: While spacious for a sport boat, the cabin area is still limited, which may not suit those looking for overnight accommodations.

Made For

The 2008 Formula 292 FASTech is designed for boating enthusiasts who seek a high-performance, stylish, and versatile sport boat. Ideal for those who enjoy fast cruising, water sports, and entertaining guests, this model combines advanced technology with sleek design, making it perfect for individuals or families looking to experience both speed and comfort on the water. Whether you're into thrilling rides or relaxing outings, the 292 FASTech delivers exceptional handling and luxury features to enhance your boating adventures.

Finance your dream boat!

Use our boat payment calculator to estimate monthly payments for 2008 Formula 292 FASTech. 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 Power Cruiser 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$ 50,915
Total Payment$91,034.13
Monthly payment
$379.31/mo

Finance your dream boat!

Use our boat payment calculator to estimate monthly payments for 2008 Formula 292 FASTech. 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 Power Cruiser 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$ 50,915
Total Payment$91,034.13
Monthly payment
$379.31/mo

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Price Drop
The Image of 2008 Formula 292 FASTech boat on trailer, parked outdoors under a clear sky. - 02008 Formula 292 FASTech
$59,900$59,995$59,995$82,000$82,995$34,980
DoltonLake In The HillsLake In The HillsChicagoLake In The HillsLake In The Hills
29'27'34'-33'27'
3'-----
MerCruiserMerCruiserMerCruiserMercruisercustomMerCruiser
320 hp425 hp425 hp320 hp750 hp425 hp
14064392799
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Meet the Broker

Address

14001 Cottage Grove Avenue
Dolton, IL 60419

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