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

No images available

2005 Formula 292 FASTECH Sold Boat in Winthrop Harbor, IL US

$59,900

Used
We will let you know when another 2005 Formula 292 FASTECH is available in Winthrop Harbor, IL
builtBuilt in 2005
Year the boat was built
model

292 FASTECH

Boat model
engine

1 Engine (--)

Engine type and count
length

29 feet

Overall boat length
fuel

Gas

Fuel type
material

Fiberglass/Reinforced

Hull material
Nominal Length
29ft
Length Overall
29ft
Hull Material
fiberglass
Engine 1
Engine Model
MERC T-350MAGMPI
Fuel Type
gasoline
Sale Price: $59,900<br>

Contact

Winthrop Harbor, IL

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 blend of speed, performance, and sleek design

Many highlight its powerful engines and smooth handling, making it an exhilarating boat for both cruising and watersports. The spacious cockpit and comfortable seating receive positive remarks, offering plenty of room for family and friends. Additionally, owners appreciate the well-thought-out layout and quality craftsmanship, noting that the boat holds up well over time. Overall, the 2005 Formula 292 FASTECH is celebrated for delivering a thrilling yet comfortable boating experience.

The Biggest Pros and Cons

The 2005 Formula 292 FASTECH is a sleek and performance-oriented express cruiser known for its blend of speed, style, and comfort. Here are some pros and cons to consider:

Pros

High Performance: Powered by the FASTECH hull design, the 292 delivers impressive speed and excellent handling, making it ideal for those who enjoy spirited cruising.

Stylish Design: The boat features a modern and aggressive look with clean lines and a sporty profile.

Comfortable Layout: Despite its compact size, the 292 offers a well-thought-out interior with sleeping accommodations, a functional galley, and a head, suitable for weekend getaways.

Quality Construction: Formula is known for solid build quality and attention to detail, which contributes to durability and reliability.

Good Storage: Ample storage compartments help keep the cockpit and cabin organized.

Cons

Limited Space: Being a 29-foot express cruiser, interior space can feel tight, especially for extended trips or larger groups.

Fuel Consumption: The high-performance engines can be thirsty, resulting in higher fuel costs compared to more economy-focused boats.

Maintenance Costs: Performance boats like the 292 FASTECH may require more frequent maintenance and potentially higher upkeep expenses.

Limited Off-Season Use: The open cockpit design is great for fair weather but less suitable for colder climates without additional enclosures or covers.

Made For

The 2005 Formula 292 FASTECH is designed for boating enthusiasts who seek a high-performance sportboat that combines speed, style, and comfort. Ideal for those who enjoy thrilling rides on the water without sacrificing quality craftsmanship and luxury features, this model suits individuals or families looking for a versatile vessel perfect for day cruising, watersports, and entertaining. Its powerful engine and sleek design make it a great choice for anyone passionate about performance boating.

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$ 50,915
Total Payment$91,034.13
Monthly payment
$379.31/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 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$ 50,915
Total Payment$91,034.13
Monthly payment
$379.31/mo

Be the first to know when similar boats hit the market

Get notified when new boats become available

Meet the Broker

Unknown

Address

Winthrop Harbor, IL

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.