2002 Formula 292 FASTech Boat in New Orleans, LA 70118 US
Built in 2002
292 FASTech
2 Engines (2x Mercruiser)
29.2 feet
Gas
Fiberglass/Reinforced
Call Matthew Chehardy for more information! 504-583-9009
2002 Formula Fastech 292
Turn heads on the water with this beautiful 2002 Formula Fastech 292 powered by twin 6.2L Mercury V8s! This boat is clean, powerful, and ready for summer fun. The motors have approximately 600 hours and run strong.
✅ Interior is in great shape
✅ Cabin is in immaculate condition
✅ Includes full boat cover
✅ Sitting on a very nice dual axle trailer - ready to tow anywhere
✅ Well cared for and water ready
This Formula delivers the perfect mix of performance, comfort, and style. Whether you're cruising the lake or making fast passes across the water, this boat does it all.
Financing available
Trade-ins welcome
Call Matthew Chehardy for more information! 504-583-9009
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
| Date | Event | Price |
|---|---|---|
| 6/21/26 | Price decreased | $44,995(-10.0%) |
| 5/30/26 | Initial price | $49,995 |
2002 Formula 292 FASTech Video Tours
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.
Rating: 4.3 out of 5
Overview from around the web 2002 Formula 292 FASTech
Customers have consistently praised the 2002 Formula 292 FASTech for its impressive performance, sleek design, and luxurious features
Many boaters highlight the incredible handling and stability at high speeds, making it a thrilling ride on the water. The powerful twin engines provide exhilarating acceleration, perfect for those seeking an adrenaline rush. People also commend the spacious cockpit and well-designed interior, which offers comfort for both cruising and entertaining. The quality of craftsmanship is often noted, with durable materials and attention to detail contributing to a feeling of luxury on board. Additionally, the ample storage space and thoughtful layout make it functional for a variety of activities, from day trips to longer excursions. Overall, the 2002 Formula 292 FASTech continues to impress owners with its blend of performance, comfort, and style, solidifying its reputation as a standout in the performance boat market.
The Biggest Pros and Cons
The 2002 Formula 292 FASTech is a standout performance boat known for its sleek design and high-speed capabilities. Here’s a breakdown of the pros and cons:
Pros
Performance-Oriented Design: The FASTech hull is engineered for speed and agility, providing impressive handling and maneuverability on the water.
Powerful Engine Options: The 292 FASTech can be equipped with powerful engine options that deliver exhilarating performance, making it ideal for thrill-seekers.
Stylish Aesthetics: With its sleek lines and sporty profile, the 292 FASTech is visually appealing and turns heads wherever it goes.
Spacious Interior: Despite its focus on performance, the boat offers a comfortable cabin with enough space for relaxation, making it suitable for both day trips and overnight stays.
Quality Build: Formula is known for its high-quality construction and attention to detail, ensuring durability and longevity.
Good Resale Value: Formula boats tend to retain their value well, making them a solid investment for buyers.
Cons
Fuel Consumption: The high-performance engines can lead to significant fuel consumption, which might be a consideration for those looking at long-distance cruising.
Limited Cargo Space: While the interior is spacious, the cargo space can be limited compared to larger cruisers, restricting the amount of gear you can bring along.
Maintenance Requirements: Performance boats often require more frequent maintenance and care to ensure they run optimally, which can be time-consuming and costly.
Ride Comfort: The focus on speed and performance can result in a rougher ride in choppy waters, which may not be ideal for everyone.
Not Ideal for Beginners: The handling characteristics and performance capabilities may be better suited for experienced boaters, making it less accessible for novices.
Made For
The 2002 Formula 292 FASTech is designed for boating enthusiasts who crave high performance and thrilling adventures on the water. This remarkable powerboat caters to those who appreciate a blend of speed, agility, and style, making it ideal for both seasoned sailors and newcomers seeking excitement. With its sleek, aerodynamic design and powerful twin-engine setup, the Formula 292 FASTech delivers exhilarating speeds while maintaining exceptional handling and stability. It is perfect for those who enjoy fast-paced activities such as water sports, cruising, or simply slicing through the waves with confidence. The spacious and comfortable interior of the 292 FASTech accommodates friends and family, providing a perfect atmosphere for socializing and relaxation during weekend getaways or day trips. This boat appeals to those who value quality craftsmanship, luxury amenities, and cutting-edge technology in their watercraft. Whether you're a thrill-seeker chasing the ultimate performance or a social boater looking to entertain in style, the 2002 Formula 292 FASTech is built to meet your needs and elevate your boating experience.
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| $44,995 | $39,999 | $51,995 | $35,995 | $34,999 | $34,999 |
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Meet the Broker
Address
Boat Location
Contact The Boat Yard, Inc about 2002 Formula 292 FASTech
6440 Westbank Expy, New Orleans, LA, 70118
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