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2005 Formula 292 Fastech Sold Boat in Jamestown, KY US

$64,400

Used
We will let you know when another 2005 Formula 292 Fastech is available in Jamestown, KY
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
Nominal Length
29ft
Length Overall
29ft
Beam
8ft
Hull Material
fiberglass
Stock #051369 -



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Contact

Jamestown, KY

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 sleek design, impressive speed, and smooth handling

Many highlight the spacious cockpit and comfortable seating, making it ideal for both day cruising and entertaining guests. Owners appreciate the boat's solid construction and reliable performance, noting that it delivers an exhilarating experience on the water. The combination of style and functionality consistently earns positive feedback from those who have enjoyed this model.

The Biggest Pros and Cons

The 2005 Formula 292 Fastech is a high-performance sport boat known for its sleek design and impressive speed capabilities. Here are some of the key pros and cons of this model:

Pros

Powerful Performance: Equipped with a strong engine setup, the 292 Fastech delivers excellent speed and acceleration, making it ideal for thrill-seekers and water sports enthusiasts.

Sleek Design: The aerodynamic hull and stylish lines contribute to both aesthetic appeal and improved handling on the water.

Spacious Cockpit: Offers ample seating and comfortable space for passengers, enhancing the overall boating experience.

Quality Build: Formula boats are known for their solid construction and durability, ensuring reliability over time.

Good Handling: The hull design provides stability and smooth maneuverability, even at higher speeds.

Cons

Fuel Consumption: Due to its powerful engines, the 292 Fastech can have relatively high fuel consumption compared to smaller or less performance-oriented boats.

Limited Cabin Space: While the cockpit is spacious, the cabin area may be more compact, which might not suit those looking for extensive overnight accommodations.

Maintenance Costs: High-performance boats like the Formula 292 Fastech may require more frequent and potentially costly maintenance to keep engines and systems in top condition.

Price Point: As a premium sport boat, it may come with a higher initial purchase price compared to entry-level models.

Made For

The 2005 Formula 292 Fastech is designed for boating enthusiasts who seek a powerful, high-performance sport cruiser. Ideal for those who enjoy fast, agile handling combined with comfortable accommodations, this boat is perfect for day cruising, watersports, and entertaining friends and family on the water. Its sleek design and advanced engineering make it well-suited for individuals or couples looking for a stylish and reliable vessel that delivers both speed and luxury.

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 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$ 54,740
Total Payment$97,873.09
Monthly payment
$407.80/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 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$ 54,740
Total Payment$97,873.09
Monthly payment
$407.80/mo

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