This boat has been sold but check out these similar boats nearby

2020 Formula 240 Bowrider Sold Boat in Leander, TX 78641 US

$89,500

Used
We will let you know when another 2020 Formula 240 Bowrider is available in Leander, TX
builtBuilt in 2020
Year the boat was built
model

240 Bowrider

Boat model
engine

1 Engine (Volvo Penta)

Engine type and count
length

24 feet

Overall boat length
fuel

Gas

Fuel type
material

Fiberglass/Reinforced

Hull material

Boats For Sale in Texas, United States Similar to the 2020 Formula 240 Bowrider

Compare with similar boats and find the perfect one for you.

This Boat
Similar Boats
 
The Image of Formula 240 Bowrider 2020 - 02020 Formula 240 Bowrider
Recently Added
The Image of Chaparral 23 SSi 2025 - 02025 Chaparral 23 SSi
Price$89,500$88,900$85,611$84,000$82,495$97,745
LocationLeanderCollege StationHoustonLeanderHorseshoe BayLewisville
Nominal Length24'32'24'26'25'23'
Draft3'-----
Engine MakeVolvo PentaVolvo Penta-Volvo PentaVOLVO PENTAMercruiser
Total Engine Power430 hp--350 hp-300 hp
Days on Market663284726881
Get in touch

Other Formula 240 Bowrider boats for sale in Texas, United States

Nominal Length
24ft
Length Overall
25.33ft
Beam
8.5ft
Max Bridge Clearance
4.67ft
Max Draft
3ft
Deadrise At Transom
20deg
Dry Weight
5000lb
Cruising Speed
26.07kn
Max Speed
47.79kn
Heads
1
Fresh Water Tanks
10gal
Fuel Tanks
55gal
Hull Material
fiberglass
Hull Shape
deep-vee
Engine 1
Engine Make
Volvo Penta
Engine Model
430
Total Power
430hp
Engine Hours
112
Engine Type
inboard-outboard
Fuel Type
gasoline
Engine Year
2020
Drive Type
stern
Propeller Type
3-blade
Propeller Material
stainless-steel
Cockpit Cushions
Cockpit Table
Swimming Ladder
Surf System
Road Trailer
Underwater Lights
Marine Head
Battery Charger
Cockpit Speakers
Bimini Top
Cockpit Cover
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
7/10/25Price decreased$89,500(-9.1%)
6/28/25Initial price$98,500

Contact Elite Marine Sales & Service

2808 Courageous, Leander, TX, 78641

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 2020 Formula 240 Bowrider

Customers are praising the 2020 Formula 240 Bowrider for its sleek design, smooth handling, and powerful performance

Many highlight the spacious and comfortable seating arrangement, making it ideal for family outings and entertaining guests. The boat’s high-quality construction and attention to detail receive frequent compliments, along with its user-friendly features and ample storage options. Overall, owners appreciate the 240 Bowrider’s versatility and reliability on the water, making it a popular choice for both leisurely cruises and water sports.

The Biggest Pros and Cons

The 2020 Formula 240 Bowrider offers a blend of performance, comfort, and style, making it a popular choice for boating enthusiasts. Here are some pros and cons to consider:

Pros

Performance: Equipped with a reliable and powerful engine, the 240 Bowrider delivers smooth handling and impressive speed, ideal for both leisurely cruising and water sports.

Comfortable Layout: The spacious bowrider design provides ample seating and a well-thought-out cockpit, making it perfect for family outings or entertaining guests.

Quality Construction: Formula is known for its solid build quality and attention to detail, ensuring durability and longevity.

Modern Features: Includes user-friendly controls, a well-designed helm, and optional amenities like a stereo system, swim platform, and storage compartments.

Versatility: Suitable for a variety of activities, from day cruising to tubing and wakeboarding.

Cons

Price Point: The Formula 240 Bowrider tends to be priced higher than some competitors in the same class, which may be a consideration for budget-conscious buyers.

Fuel Consumption: With its powerful engine, fuel efficiency may not be as high compared to smaller or less performance-oriented boats.

Limited Cabin Space: While comfortable for day trips, the bowrider layout offers limited overnight accommodations or enclosed shelter.

Weight: The solid construction adds weight, which might affect trailering ease and fuel economy.

Made For

The 2020 Formula 240 Bowrider is perfect for boating enthusiasts who seek a versatile, stylish, and high-performance vessel. Ideal for families and friends who enjoy cruising, watersports, and entertaining on the water, this boat offers ample seating, a spacious bow area, and top-notch amenities. Whether you're planning day trips on the lake or coastal adventures, the Formula 240 Bowrider provides a comfortable and exciting experience for those who value quality craftsmanship and sporty handling.

Finance your dream boat!

Use our boat payment calculator to estimate monthly payments for 2020 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$ 76,075
Total Payment$136,019.27
Monthly payment
$566.75/mo

Finance your dream boat!

Use our boat payment calculator to estimate monthly payments for 2020 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$ 76,075
Total Payment$136,019.27
Monthly payment
$566.75/mo

Be the first to know when similar boats hit the market

Get notified when new boats become available

Meet the Broker

Address

2808 Courageous
Leander, TX 78641

Want to update the details or images for this boat? Claim this listing by getting in touch.

Boat Location

Be the First to Know

Get notified when new boats become available.