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2001 Formula 292 FASTech Sold Boat in Sarasota, FL US

$39,995

Used
We will let you know when another 2001 Formula 292 FASTech is available in Sarasota, FL
builtBuilt in 2001
Year the boat was built
model

292 FASTech

Boat model
engine

--

Engine type and count
length

29 feet

Overall boat length
fuel

--

Fuel type
material

Fiberglass/Reinforced

Hull material

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The Image of Formula 292 FASTech 2001 - 02001 Formula 292 FASTech
Price$39,995$40,000$39,900$44,900$44,995$44,999
LocationSarasotaFort Walton BeachFort MyersPompano BeachOrlandoSebastian
Nominal Length29'31'32'34'22'32'
Engine Make-MercruiserMercruisermercrusier-Mercruiser
Total Engine Power-310 hp400 hp525 hp-330 hp
Days on Market3848377351456190
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Other Formula 292 FASTech boats for sale in Florida, United States

Nominal Length
29ft
Length Overall
29ft
Hull Material
fiberglass

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Sarasota, FL

Formula 292 FASTech: BoatTEST Review

Reviewed by Jeff Hammond

Overview

The Formula 292 represents a significant addition to Formula's Fastech lineup, marking the company's first twin-screw powered boat under 30 feet in nearly a decade. Designed to bridge the gap between the 271 and 312 Fastech hulls, the 292 combines advanced hull technology with twin 300 horsepower Mercruiser 350 Magnum MPI engines, delivering impressive performance and handling characteristics.

Exterior Design and Deck Features

At 29 feet 2 inches in length with an 8 foot 3 inch beam and a displacement of approximately 7,000 pounds, the 292 features a sleek needle-nose bow that ensures smooth re-entry even through large wakes. The aft deck comfortably accommodates three to four passengers on a spacious bench seat equipped with high-quality McLeod bolster upholstery, electrically adjustable seating, and deep molded footrests. Practical features include gel-coated storage bins free of raw fiberglass, sturdy grab rails for safety during high-speed maneuvers, and a motorized engine hatch that provides easy access to the engine compartment.

Interior Living Spaces

Below deck, the Formula 292 offers a well-appointed lounge area with ultra-leather seating supported by a stringer system for durability. The forward cabin includes a surprisingly spacious double bunk, complemented by a concealed portable head for convenience. Additional amenities include a small sink and cooler located aft, enhancing comfort and functionality for extended outings.

Power and Performance

Powered by twin Mercruiser 350 Magnum MPI engines rated at 300 horsepower each, the 292 delivers robust performance. The Fastech stepped hull design contributes significantly to its speed and stability, enabling the boat to accelerate from a standstill to planing in five seconds and reach a top speed of 70 miles per hour. While the stepped hull induces a brief bow rise upon acceleration, it provides excellent grip during turns and maintains composure in crosswinds, leaning gently into the breeze like a well-engineered deep V hull. The optimal cruising speed was found to be 34.4 miles per hour at 3,000 rpm, offering a range close to 200 miles.

Conclusion

The Formula 292 successfully reintroduces twin-engine power to Formula's sub-30-foot range, combining advanced hull technology, strong performance, and thoughtful comfort features. Its blend of speed, handling, and onboard amenities makes it a compelling choice for enthusiasts seeking a high-performance sport boat with practical accommodations.

Rating: 4.3 out of 5

Overview from around the web 2001 Formula 292 FASTech

Customers praise the 2001 Formula 292 FASTech for its impressive performance and sleek design

Many highlight its powerful engines and smooth handling, making it ideal for both cruising and watersports. The spacious cockpit and comfortable seating receive positive remarks for enhancing the overall boating experience. Additionally, owners appreciate the quality craftsmanship and attention to detail throughout the boat, noting its reliability and durability on the water. Overall, the 2001 Formula 292 FASTech is celebrated for combining speed, style, and comfort in a well-rounded package.

The Biggest Pros and Cons

The 2001 Formula 292 FASTech is a sporty and stylish performance cruiser known for its sleek design and impressive speed. Here are some pros and cons to consider:

Pros

High Performance: Equipped with powerful engines, the 292 FASTech delivers excellent acceleration and top-end speed, making it ideal for thrill-seekers.

Advanced Hull Design: The FASTech hull technology enhances stability and handling, providing a smooth ride even at higher speeds.

Spacious Layout: Despite being a 29-foot boat, it offers a well-designed cockpit and cabin area, maximizing comfort for day cruising or overnight trips.

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

Attractive Styling: The 292 FASTech boasts a modern, aggressive look that turns heads on the water.

Cons

Fuel Consumption: The powerful engines and performance-oriented design can lead to higher fuel usage compared to more economy-focused cruisers.

Limited Cabin Space: While efficient, the cabin accommodations are somewhat compact, which might be less comfortable for longer stays aboard.

Maintenance Costs: As a high-performance boat with advanced technology, maintenance and repairs can be more costly than on simpler models.

Ride Firmness: The sporty hull design, while great for speed and handling, can result in a firmer ride in choppy conditions.

Made For

The 2001 Formula 292 FASTech is designed for boating enthusiasts who seek a high-performance, sleek, and stylish sportboat. It is ideal for those who value speed, agility, and advanced technology on the water, making it perfect for thrill-seekers, weekend racers, and anyone looking to enjoy dynamic and exhilarating boating experiences.

Finance your dream boat!

Use our boat payment calculator to estimate monthly payments for 2001 Formula 292 FASTech. 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 High Performance 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$ 33,996
Total Payment$60,783.59
Monthly payment
$253.26/mo

Finance your dream boat!

Use our boat payment calculator to estimate monthly payments for 2001 Formula 292 FASTech. 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 High Performance 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$ 33,996
Total Payment$60,783.59
Monthly payment
$253.26/mo

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