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2005 Formula 240 Bowrider Boat in Babylon, NY 11702 US

Name: Formula 240 Bowrider 2005
Brand: Formula
SKU: 206514cf1
Price: 49900 USD
Availability: InStock

$49,900

Used

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

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

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

Date	Event	Price
6/6/26	Initial price	$49,900

Contact Riteway Marine Solutions

12 Post Place, Babylon, NY, 11702

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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.

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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.

Purchase Price

Down Payment

I'd like to trade in my boat

Loan Term in Years

510152025

Interest Rate (APR)

Principal Loan Amount$ 42,415

Total Payment$75,836.44

Monthly payment

$315.99/mo