2006 Formula 240 Bowrider

$40,000

Used

Boat in Spring Lake, MI 49456 US

builtBuilt in 2006
Year the boat was built
model

240 Bowrider

Boat model
engine

1 Engine (Mercury)

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
Hull Material
fiberglass
Engine 1
Engine Make
Mercury
Engine Model
6.2 L MPI
Total Power
377hp
Engine Hours
493
Engine Type
inboard-outboard
Fuel Type
gasoline
Engine Year
2006
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
8/28/25Initial price$40,000

Contact Keenan Marina - Spring Lake

526 Pine Street, Spring Lake, MI, 49456

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 and reliable performance on the water

Many highlight its spacious bow seating, making it perfect for family outings and entertaining guests. The boat's handling is frequently described as smooth and responsive, providing a comfortable ride even at higher speeds. Owners also appreciate the quality craftsmanship and durable materials used throughout, ensuring longevity and low maintenance. Overall, the 2006 Formula 240 Bowrider is valued for combining style, comfort, and functionality in a versatile package.

The Biggest Pros and Cons

The 2006 Formula 240 Bowrider offers a blend of performance, comfort, and style, making it a popular choice for boating enthusiasts. Here are some of the key pros and cons of this model:

Pros

Performance: Equipped with a powerful engine, the 240 Bowrider delivers excellent speed and smooth handling, ideal for both cruising and watersports.

Design: The sleek and sporty design not only looks great but also enhances stability and efficiency on the water.

Comfort: Spacious seating with plush upholstery provides ample room for passengers, making it perfect for family outings or entertaining guests.

Build Quality: Formula is known for its solid construction and durable materials, ensuring longevity and reliability.

Features: Includes convenient amenities such as a well-designed helm, storage compartments, and optional accessories to enhance the boating experience.

Cons

Fuel Efficiency: Due to its powerful engine and sporty design, fuel consumption can be higher compared to smaller or more economy-focused boats.

Storage Space: While adequate for day trips, storage may be limited for extended outings or overnight stays.

Maintenance Costs: Premium build and components can lead to higher maintenance expenses over time.

Price Point: As a high-quality sport boat, the initial purchase price and insurance costs may be higher than comparable models in its class.

Made For

The 2006 Formula 240 Bowrider is designed for boating enthusiasts who seek a versatile and stylish vessel perfect for family outings, water sports, and day cruising. Its spacious layout and comfortable seating make it ideal for groups looking to enjoy time on the water with friends or loved ones, while its performance features cater to those who appreciate power and handling. Whether you're a casual boater or someone who enjoys active water adventures, the Formula 240 Bowrider offers a balanced blend of comfort, style, and performance.

Finance your dream boat!

Use our boat payment calculator to estimate monthly payments for 2006 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 Bowrider 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.
Monthly payment
$253.29/mo
$
$
%
Principal Loan Amount$ 34,000
Total Payment$60,790.74

Finance your dream boat!

Use our boat payment calculator to estimate monthly payments for 2006 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 Bowrider 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.
Monthly payment
$253.29/mo
$
$
%
Principal Loan Amount$ 34,000
Total Payment$60,790.74

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Address

526 Pine Street
Spring Lake, MI 49456

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