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2005 Formula 292 Fastech Sold Boat in Mckinney, TX US

$62,500

Used
We will let you know when another 2005 Formula 292 Fastech is available in Mckinney, TX
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/Composite

Hull material

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The Image of Formula 292 Fastech 2005 - 02005 Formula 292 Fastech
Price$62,500$55,900
LocationMckinneyKemah
Nominal Length29'30'
Draft104'-
Engine Make-MerCruiser
Total Engine Power-385 hp
Days on Market4311103
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Nominal Length
29ft
Length Overall
29ft
Beam
8ft
Max Draft
104ft
Dry Weight
7000lb
Fresh Water Tanks
19gal
Fuel Tanks
113gal
Holding Tanks
3gal
Hull Material
composite
Stock #064087 -

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Mckinney, TX

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 and impressive speed, highlighting its excellent handling and smooth ride even in choppy waters

Many appreciate the spacious cockpit and comfortable seating, making it ideal for both day cruising and entertaining guests. The boat’s well-appointed features and reliable performance receive consistent positive feedback, with owners noting its quality craftsmanship and attention to detail. Overall, the 2005 Formula 292 Fastech is celebrated for combining sporty performance with luxury and practicality.

The Biggest Pros and Cons

The 2005 Formula 292 Fastech offers a blend of performance and comfort that appeals to boating enthusiasts looking for speed and style. Here are some pros and cons to consider:

Pros

High Performance: Equipped with powerful engines, the 292 Fastech delivers impressive speed and acceleration, making it ideal for thrilling rides and quick cruising.

Sleek Design: The sporty and aerodynamic design not only looks great but also enhances fuel efficiency and handling on the water.

Comfortable Layout: The cockpit and cabin areas are well-designed for passenger comfort, featuring ample seating and quality materials.

Versatile Use: Suitable for both day cruising and watersports, offering flexibility for various recreational activities.

Good Build Quality: Formula boats are known for solid construction and durability, and the 292 Fastech is no exception.

Cons

Limited Cabin Space: While comfortable for day trips, the cabin size may feel cramped for extended stays or overnighting.

Fuel Consumption: High-performance engines can lead to higher fuel usage compared to more economy-focused boats.

Maintenance Costs: Advanced features and powerful engines might result in increased maintenance requirements and associated costs.

Storage Capacity: Storage space may be limited, which could be a consideration for longer outings requiring more gear.

Made For

The 2005 Formula 292 Fastech is designed for boating enthusiasts who seek a high-performance, versatile sports cruiser. Ideal for those who enjoy a combination of speed, comfort, and stylish design, this boat is perfect for day cruising, watersports, and entertaining family and friends on the water. Its sleek lines and advanced technology make it suitable for both experienced boaters and those looking to elevate their 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 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$ 53,125
Total Payment$94,985.53
Monthly payment
$395.77/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$ 53,125
Total Payment$94,985.53
Monthly payment
$395.77/mo

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