2007 Formula 240 Bowrider Sold Boat in Hastings, MN US

$44,900

Used
We will let you know when another 2007 Formula 240 Bowrider is available in Hastings, MN
builtBuilt in 2007
Year the boat was built
model

240 Bowrider

Boat model
engine

1 Engine (--)

Engine type and count
length

24 feet

Overall boat length
fuel

Gas

Fuel type
material

Other

Hull material

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The Image of Formula 240 Bowrider 2007 - 02007 Formula 240 Bowrider
Price$44,900$44,499$44,499$44,499$45,900$45,900
LocationHastingsRed WingWayzataRochesterRochesterWayzata
Nominal Length24'19'19'19'22'22'
Days on Market4921621621624242
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Nominal Length
24ft
Beam
8ft
Hull Material
other
Engine 1
Fuel Type
gasoline
Total Power
320.0 hp

Price History

DateEventPrice
6/28/25Initial price$44,900

Contact Erickson Marine

11721 Point Douglas Rd, Hastings, MN, 55033

Formula 240 Bowrider: 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

Overview from around the web 2007 Formula 240 Bowrider

Customers praise the 2007 Formula 240 Bowrider for its sleek design, reliable performance, and comfortable seating arrangement

Many highlight its smooth handling and powerful engine, making it ideal for both cruising and water sports. The spacious bow area is often noted as a favorite feature, providing ample room for passengers to relax. Overall, owners appreciate the boat’s quality craftsmanship and versatility on the water.

The Biggest Pros and Cons

The 2007 Formula 240 Bowrider is a popular choice among boating enthusiasts, offering a blend of performance, comfort, and style. Here are some pros and cons to consider:

Pros

Performance: Equipped with a powerful engine, the 240 Bowrider delivers excellent speed and smooth handling, making it great for water sports and cruising.

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

Spacious Layout: The bowrider seating provides ample space for passengers, with comfortable seating arrangements ideal for family outings or entertaining guests.

Quality Construction: Known for its solid build quality and durable materials, this boat is designed to withstand regular use and varying water conditions.

Amenities: Features such as a swim platform, storage compartments, and a well-designed cockpit add to the overall convenience and enjoyment.

Cons

Fuel Consumption: The powerful engine, while great for performance, can lead to higher fuel consumption compared to smaller or less powerful boats.

Limited Cabin Space: As a bowrider, it doesn’t offer enclosed cabin space, which may be a drawback for those seeking overnight accommodations or shelter from inclement weather.

Maintenance Costs: High-quality materials and performance components may result in higher maintenance and repair costs over time.

Weight: The solid construction adds weight, which can affect trailering ease and fuel efficiency.

Made For

The 2007 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 bow seating and comfortable cockpit make it ideal for those who enjoy entertaining guests on the water, while its powerful performance suits drivers looking for an exciting and smooth ride. Whether you’re a beginner or an experienced boater, this model offers a great balance of comfort, functionality, and sporty handling.

Finance your dream boat!

Use our boat payment calculator to estimate monthly payments for 2007 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.
$
$
510152025
%
Principal Loan Amount$ 38,165
Total Payment$68,237.60
Monthly payment
$284.32/mo

Finance your dream boat!

Use our boat payment calculator to estimate monthly payments for 2007 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.
$
$
510152025
%
Principal Loan Amount$ 38,165
Total Payment$68,237.60
Monthly payment
$284.32/mo

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Address

11721 Point Douglas Rd
Hastings, MN 55033

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