2022 Formula 240 Boat in Toms River, NJ 08753 US

$124,995

Used
builtBuilt in 2022
Year the boat was built
model

240

Boat model
engine

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Engine type and count
length

-- feet

Overall boat length
fuel

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Hull material
Dealer Notes
2022 Formula 240 Bowrider – Only 151 Hours | Garage Kept | Excellent Condition

This stunning 2022 Formula 240 Bowrider is in exceptional condition with only 151 hours. Used exclusively in freshwater as a lake boat and always garage kept, it has been meticulously cared for and shows beautifully.

Built with Formula's renowned quality and performance, this 24-foot bowrider offers a smooth, comfortable ride with premium craftsmanship throughout. Whether you're cruising, entertaining, or enjoying watersports, this boat is ready for the water.

Features Include:

Only 151 original hours
Freshwater lake boat
Always garage kept
Excellent, like-new condition
Spacious seating with premium upholstery
Deep-V hull for a smooth, stable ride
Extended swim platform with boarding ladder
Enclosed head compartment
Ample storage throughout
Turnkey and water-ready

If you're looking for a premium bowrider that's been exceptionally maintained, this 2022 Formula 240 is an outstanding opportunity. It is in excellent condition and ready to provide years of enjoyment for its next owner. Contact us today for more information or to schedule a showing.
Boat is located at COTY MARINE

1219 FISCHER BLVD
TOMS RIVER NJ 08753

732 288 1000

Easy in house financing available

Full Service Marina

New & Pre-Owned Boat Sales

Full Service Dept with Certified Technicians

Yearround One Stop Shop for All of your Boating Needs

Winter Storage, Winterizations, Shrink wrapping, Spring Commissioning, Mechanical Repairs, Cosmetic Repairs, Electrical Repairs & So much more

Full Service 120 slip Marina with Fuel Dock

COTY MARINE - Bringing pleasure buying to pleasure boating!

Price History

DateEventPrice
7/12/26Initial price$124,995

Contact Coty Marine

Formula 240: BoatTEST Review

Reviewed by Jeff Hammond

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

Finance your dream boat!

Use our boat payment calculator to estimate monthly payments for 2022 Formula 240. 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 Dual Console 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$ 106,246
Total Payment$189,963.90
Monthly payment
$791.52/mo

Finance your dream boat!

Use our boat payment calculator to estimate monthly payments for 2022 Formula 240. 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 Dual Console 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$ 106,246
Total Payment$189,963.90
Monthly payment
$791.52/mo

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1219 Fischer Blvd
Toms River, NJ 08753

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