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2005 Formula 292 FASTech Sold Boat in Harrison Township, MI US

$62,900

Used
We will let you know when another 2005 Formula 292 FASTech is available in Harrison Township, MI
builtBuilt in 2005
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 2005 - 02005 Formula 292 FASTech
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The Image of Island Packet 35 1989 - 01989 Island Packet 35
Price$62,900$69,000$69,500
LocationHarrison TownshipLa SalleBoyne City
Nominal Length29'38'35'
Draft2'--
Engine Make-YanmarIsland Packet
Total Engine Power-40 hp35 hp
Days on Market40005300
Get in touch
Nominal Length
29ft
Length Overall
29ft
Beam
8ft
Max Draft
2ft
Dry Weight
7000lb
Fresh Water Tanks
19gal
Fuel Tanks
113gal
Holding Tanks
2.6gal
Hull Material
fiberglass

THE SELLER HAS JUST AUTHORIZED A REDUCTION IN PRICE AND AS AN ADDED INCENTIVE WILL CONTINUE TO WINTER STORE (HEATED) AT HIS PRIVATE RESIDENCE UNTIL SPRING OF 2018. A SMALL DEPOSIT CAN PUT THIS ONE INTO YOUR FUTURE.  THIS VESSEL IS LIGHTLY USED AND NICELY EQUIPPED. THIS 2005 FORMULA 292 FASTECH IS A MUST TO CONSIDER -- PLEASE SEE FULL SPECS FOR COMPLETE LISTING DETAILS. 

Freshwater / Great Lakes boat since new this vessel features Twin MerCruiser 6.2-litre MX MPI 320-hp Gas Engine's with Bravo I Sterndrives (w/Mercury SmartCraft Gauges) and only 185 original hours!  Notable features include but are not limited to the following:  2005 Eagle (Custom) Tri-Axle Trailer w/Hydraulic Brakes, Portable Head w/Pump-Out, Sleeping Accommodation's for Two, Power Bolster Seats (Helm / Companion), Snap-in Snap-out Cockpit Carpeting, Dual-Ram Trim Tab's, Power Engine Hatch Lift, Premium Sound System, and MUCH more!

Seller has indicated that he will assist with logistics and re-importation documents.

Broker Notes:  Don't miss this opportunity ... light usage and nicely out-fitted with all of the most desirable options.  Contact listing agent directly for vessel location specifics.  Highly recommended by listing agent!

Contact

Harrison Township, MI

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

Customers praise the 2005 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 and well-appointed cockpit receives positive remarks for comfort and functionality, while the quality craftsmanship and attention to detail throughout the boat are often noted. Overall, owners appreciate the blend of speed, style, and reliability that the Formula 292 FASTech offers.

The Biggest Pros and Cons

The 2005 Formula 292 FASTech offers a blend of performance and style, making it a popular choice among sport boat enthusiasts. Here are some of the key pros and cons of this model:

Pros

High Performance: Powered by twin engines, the 292 FASTech delivers impressive speed and acceleration, ideal for thrill-seekers and water sports enthusiasts.

Innovative FASTech Hull: The advanced hull design enhances stability and handling, providing a smooth and responsive ride even in choppy conditions.

Spacious Layout: The cockpit and seating areas are designed for comfort and socializing, accommodating family and friends with ease.

Quality Construction: Built with premium materials and attention to detail, ensuring durability and long-term reliability.

Modern Styling: Sleek lines and a sporty profile give the boat a contemporary and attractive appearance.

Cons

Fuel Consumption: The high-performance engines can be less fuel-efficient, leading to higher operating costs on longer trips.

Limited Storage: While comfortable, storage space may be somewhat limited compared to larger cruisers, requiring careful planning for gear and supplies.

Maintenance Requirements: Performance boats like the 292 FASTech may demand more frequent maintenance to keep engines and systems in peak condition.

Price Point: The combination of advanced technology and premium features can result in a higher purchase price compared to more basic models.

Made For

The 2005 Formula 292 FASTech is designed for boating enthusiasts who seek a high-performance, sleek, and stylish sport boat. It is ideal for those who enjoy speed, agility, and comfort on the water, whether for day cruising, water sports, or entertaining guests. With its advanced FASTech hull design, this boat offers exceptional stability and handling, making it perfect for both novice and experienced boaters looking for a thrilling and reliable boating experience.

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 Sail 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$ 53,465
Total Payment$95,593.43
Monthly payment
$398.31/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 Sail 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$ 53,465
Total Payment$95,593.43
Monthly payment
$398.31/mo

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