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2005 Formula 292 Fastech Sold Boat in Fort Lauderdale, FL US

$70,000

Used
We will let you know when another 2005 Formula 292 Fastech is available in Fort Lauderdale, FL
builtBuilt in 2005
Year the boat was built
model

292 Fastech

Boat model
engine

2 Engines (2x MerCruiser)

Engine type and count
length

29.2 feet

Overall boat length
fuel

Gas

Fuel type
material

Fiberglass/Reinforced

Hull material

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2005 Formula 292 Fastech
Price$70,000$69,950$69,900$69,500$69,000$67,490
LocationFort LauderdaleNicevilleMelbournePunta GordaLake WorthLargo
Nominal Length29'40'28'37'39'35'
Draft3'-----
Engine MakeMerCruiserCaterpillar-MercruiserVolvo PentaCaterpillar
Total Engine Power320 hp375 hp--285 hp-
Days on Market203337752864416
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Other Formula 292 Fastech boats for sale in Florida, United States

Nominal Length
29.17ft
Length Overall
29.17ft
Beam
8ft
Max Draft
2.75ft
Holding Tanks
2gal
Hull Material
fiberglass
Engine 1
Engine Make
MerCruiser
Engine Model
MAX 6.2 MPI
Total Power
320hp
Engine Hours
20
Fuel Type
gasoline
Engine Year
2020
Engine 2
Engine Make
MerCruiser
Engine Model
MAX 6.2 MPI
Total Power
320hp
Engine Hours
20
Fuel Type
gasoline
Engine Year
2020

Extremely clean, well maintained, and ready to cruise. Two brand new engines.



Contact

Fort Lauderdale, 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 2005 Formula 292 Fastech

The 2005 Formula 292 Fastech has garnered positive reviews from boat enthusiasts and owners alike, highlighting its impressive performance and sleek design

Customers often praise the boat's powerful twin-engine setup, which delivers exhilarating speed and agility on the water. The advanced hull design ensures a smooth ride even in choppy conditions, making it a favorite for those seeking both thrill and comfort. Owners frequently commend the Formula 292 for its spacious interior, which includes comfortable seating and ample storage, ideal for day trips or weekend getaways. The attention to detail in the craftsmanship and high-quality materials used throughout the boat contribute to its durability and timeless appeal. Additionally, the boat’s well-thought-out layout allows for easy navigation, while the sleek exterior showcases a striking design that draws attention wherever it goes. Many customers also appreciate the boat's versatility, combining performance capabilities with leisure-focused features, making it suitable for both serious boating enthusiasts and casual users. Overall, the 2005 Formula 292 Fastech is celebrated for its blend of power, style, and comfort, with many owners expressing a deep enjoyment of their time spent on this high-performance vessel.

The Biggest Pros and Cons

2005 Formula 292 Fastech: Pros and Cons

Pros

Performance-Oriented Design: The Formula 292 Fastech is built for speed, featuring a powerful engine configuration that delivers impressive acceleration and handling. It's designed for thrill-seekers and water enthusiasts who appreciate high performance.

Stylish Aesthetics: Known for its sleek and modern lines, the 292 Fastech has a striking appearance. The bold graphics and high-quality finish make it a standout on the water.

Comfort and Space: The cockpit and cabin are designed with comfort in mind, offering ample seating and storage space. This boat provides a good balance between performance and passenger comfort.

Solid Build Quality: Formula is renowned for its attention to detail and quality construction. The 292 Fastech is no exception, featuring a durable hull and high-end materials that contribute to its longevity and reliability.

Advanced Features: Equipped with a variety of modern amenities, such as upgraded electronics and an efficient sound system, the 292 Fastech enhances the overall boating experience.

Cons

Fuel Consumption: As a performance boat, the Fastech's powerful engines can lead to higher fuel consumption compared to more economy-focused vessels. This is an important consideration for those who plan to spend long days on the water.

Requires Experience: Due to its speed and handling capabilities, the 292 Fastech is best suited for experienced boaters. Newer or less experienced operators may find it challenging to handle.

Limited Storage: While the boat does provide some storage, it may not be sufficient for extended trips or for those who prefer to bring a lot of gear onboard.

Maintenance Needs: Like many high-performance boats, the 292 Fastech may require more frequent maintenance to keep its systems running smoothly, which can translate to additional costs for the owner.

Cost Considerations: The 292 Fastech is positioned in a higher price bracket, making it less accessible for those on a tighter budget compared to entry-level options in the boating market.

Made For

The 2005 Formula 292 Fastech is ideal for performance enthusiasts seeking a thrilling experience on the water. This high-performance catamaran is tailored for individuals who appreciate speed, agility, and advanced engineering. Whether you're powering through rough waters or zipping across calm lakes, the Formula 292 offers an exhilarating ride that caters to both experienced boaters and newcomers eager for adventure. Its sleek design and robust construction make it perfect for those who love to host, providing ample space for friends and family to enjoy the journey. Additionally, the Formula 292 Fastech appeals to luxury seekers who appreciate premium finishes and comfort, ensuring that every outing is both exciting and relaxing. With cutting-edge technology and superior handling, this boat is designed for both thrilling races and leisurely cruises, making it a versatile choice for anyone looking to make unforgettable memories on the water.

Finance your dream boat!

Use our boat payment calculator to estimate monthly payments for 2005 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 Express Cruiser 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$ 59,500
Total Payment$106,383.79
Monthly payment
$443.27/mo

Finance your dream boat!

Use our boat payment calculator to estimate monthly payments for 2005 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 Express Cruiser 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$ 59,500
Total Payment$106,383.79
Monthly payment
$443.27/mo

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