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

2002 Formula 292 FASTech Sold Boat in Sarasota, FL US

$69,995

Used
We will let you know when another 2002 Formula 292 FASTech is available in Sarasota, FL
builtBuilt in 2002
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

Boats For Sale in Florida, United States Similar to the 2002 Formula 292 FASTech

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

This Boat
Similar Boats
 
The Image of Formula 292 FASTech 2002 - 02002 Formula 292 FASTech
Price$69,995$69,900$73,500$74,990$65,000$74,990
LocationSarasotaSaint PetersburgSaint PetersburgPompano BeachSaint PetersburgFernandina Beach
Nominal Length29'42'36'32'27'33'
Engine Make-MercuryMerCruiserMercruiserMercuryMercury
Total Engine Power--425 hp600 hp300 hp500 hp
Days on Market779535413963196
Get in touch

Other Formula 292 FASTech boats for sale in Florida, United States

Nominal Length
29ft
Length Overall
29ft
Hull Material
fiberglass
Excellent Conditon,Low Hours,Fuel Efficient Small Blocks,Warranty Available,Owner Motivated For Quick Sale,Bring Offers !!!!

T-Mercruiser 6.2MX's w/Warranty,Bravo Drives,Trim Tabs,Latham Steering,Gaffrig Throttles w/Trim,Gaffrig Gauges w/Bezels,Electric Bolster Seats,Premium Sound System,Cockpit Cover,Call Scott For Details

Contact

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 2002 Formula 292 FASTech

Customers praise the 2002 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, along with the quality craftsmanship and attention to detail throughout the boat. Overall, owners appreciate the blend of speed, style, and functionality that the 292 FASTech delivers.

The Biggest Pros and Cons

The 2002 Formula 292 FASTech is a standout performance cruiser known for its speed, handling, and stylish design. Here are some of the pros and cons to consider:

Pros

Impressive Performance: Equipped with advanced FASTech hull technology, the boat delivers exceptional speed and smooth handling, making it ideal for both cruising and sport boating.

Sleek Design: The 292 FASTech features a modern and aerodynamic profile that not only looks great but also enhances performance on the water.

Spacious Layout: Despite its sporty nature, the boat offers a comfortable cockpit and cabin space, suitable for day trips or overnight stays.

Quality Construction: Built with high-quality materials and craftsmanship, ensuring durability and reliability.

Good Fuel Efficiency: The FASTech hull design helps reduce drag, contributing to better fuel economy compared to traditional hulls in its class.

Cons

Limited Cabin Space: While comfortable for short stays, the cabin size may feel cramped for extended trips or larger groups.

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

Handling in Rough Waters: Although designed for speed, the 292 FASTech may have a firmer ride in choppy conditions compared to heavier displacement boats.

Storage Capacity: Storage options are somewhat limited, which might be a consideration for longer outings requiring more gear.

Made For

The 2002 Formula 292 FASTech is designed for boating enthusiasts who crave high performance and sleek style. Ideal for those who enjoy fast, agile rides on the water, this boat is perfect for day cruising, watersports, and entertaining guests. Its advanced FASTech hull technology offers superior speed and handling, making it an excellent choice for individuals or families seeking a thrilling yet comfortable boating experience.

Finance your dream boat!

Use our boat payment calculator to estimate monthly payments for 2002 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$ 59,496
Total Payment$106,376.64
Monthly payment
$443.24/mo

Finance your dream boat!

Use our boat payment calculator to estimate monthly payments for 2002 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$ 59,496
Total Payment$106,376.64
Monthly payment
$443.24/mo

Be the first to know when similar boats hit the market

Get notified when new boats become available

Meet the Broker

Unknown

Address

Sarasota, FL

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

Be the First to Know

Get notified when new boats become available.