2006 Formula 240 Bowrider

$28,650

Used

Boat in Lake Elsinore, CA 92532 US

builtBuilt in 2006
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
350 Mag Mpi
Total Power
300hp
Engine Hours
507
Engine Type
inboard-outboard
Fuel Type
gasoline
Engine Year
2006
Drive Type
stern
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
8/21/25Price decreased$28,650(-9.0%)
6/28/25Initial price$31,500

Contact Inland Boat Center

31700 Grape St., Lake Elsinore, CA, 92532

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.

Overview from around the web 2006 Formula 240 Bowrider

Customers praise the 2006 Formula 240 Bowrider for its sleek design, reliable performance, and comfortable seating

Many highlight its smooth handling and powerful engine, making it ideal for both leisurely cruises and watersports. The spacious bow area and quality craftsmanship receive frequent positive mentions, emphasizing the boat's blend of style and functionality. Overall, owners appreciate its durability and the enjoyable boating experience it provides.

The Biggest Pros and Cons

The 2006 Formula 240 Bowrider is a well-regarded boat known for its blend of performance, style, and comfort. Here are some pros and cons to consider:

Pros

Performance: Equipped with a reliable engine, the Formula 240 Bowrider offers smooth handling and good speed, making it great for water sports and cruising.

Comfortable Layout: The bowrider design provides ample seating and open space, ideal for family outings and entertaining guests.

Build Quality: Formula boats are known for their solid construction and attention to detail, contributing to durability and a premium feel.

Storage: The boat includes multiple storage compartments, allowing for convenient organization of gear and personal items.

Aesthetics: Sleek lines and stylish design make the 240 Bowrider visually appealing on the water.

Cons

Size Limitations: At 24 feet, it may feel a bit compact for larger groups or extended trips.

Fuel Efficiency: Like many performance-oriented boats, fuel consumption can be higher compared to smaller or less powerful models.

Maintenance Costs: Being a premium brand, maintenance and parts can be somewhat more expensive.

Limited Cabin Space: The boat does not offer overnight accommodations, which may limit its versatility for some users.

Made For

The 2006 Formula 240 Bowrider is designed for boating enthusiasts who value a combination of performance, style, and comfort. Ideal for families and groups seeking a versatile boat for day cruising, watersports, and entertaining on the water, this model offers spacious seating, a sleek design, and reliable handling. Whether you're planning leisurely outings on the lake or lively adventures with friends, the 240 Bowrider provides an enjoyable and stylish boating experience.

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31700 Grape St.
Lake Elsinore, CA 92532

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