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2006 Formula 292 FASTech Sold Boat in Lake Elsinore, CA 92532 US

$66,000

Used
We will let you know when another 2006 Formula 292 FASTech is available in Lake Elsinore, CA
builtBuilt in 2006
Year the boat was built
model

292 FASTech

Boat model
engine

2 Engines (2x Mercruiser)

Engine type and count
length

29 feet

Overall boat length
fuel

Gas

Fuel type
material

Fiberglass/Reinforced

Hull material

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The Image of Formula 292 FASTech 2006 - 02006 Formula 292 FASTech
Price$66,000$68,000$75,000
LocationLake ElsinoreVenturaTahoe Vista
Nominal Length29'21'31'
Engine MakeMercruiserMercruiserMerCruiser
Total Engine Power320 hp350 hp375 hp
Days on Market4419144
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Other Formula 292 FASTech boats for sale in California, United States

Nominal Length
29ft
Length Overall
29ft
Beam
8.25ft
Dry Weight
7000lb
Hull Material
fiberglass
Hull Shape
modified-vee
Engine 1
Engine Make
Mercruiser
Engine Model
6.2L MPI Bravo One
Total Power
320hp
Engine Hours
171
Engine Type
inboard-outboard
Fuel Type
gasoline
Engine Year
2006
Drive Type
stern
Propeller Type
4-blade
Propeller Material
stainless-steel
Engine 2
Engine Make
Mercruiser
Engine Model
6.2L MPI Bravo One
Total Power
320hp
Engine Hours
176
Engine Type
inboard-outboard
Fuel Type
gasoline
Engine Year
2006
Drive Type
stern
Propeller Type
4-blade
Propeller Material
stainless-steel
Disclaimer

The Company offers the details of this vessel in good faith but cannot guarantee or warrant the accuracy of this information nor warrant the condition of the vessel. A buyer should instruct his agents, or his surveyors, to investigate such details as the buyer desires validated. This vessel is offered subject to prior sale, price change, or withdrawal without notice.

Price History

DateEventPrice
8/23/25Price increased$66,000(+0.2%)
8/21/25Price decreased$65,900(-8.5%)
6/28/25Initial price$72,000

Contact Inland Boat Center

31700 Grape St., Lake Elsinore, CA, 92532

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 2006 Formula 292 FASTech

Customers praise the 2006 Formula 292 FASTech for its impressive performance and sleek design

Many highlight its powerful engines that deliver excellent speed 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 cabin is appreciated for its cozy accommodations and quality finishes. Overall, owners commend the 292 FASTech for combining sporty performance with stylish luxury, making it a standout choice in its class.

The Biggest Pros and Cons

The 2006 Formula 292 FASTech is a high-performance sport cruiser known for its sleek design and impressive speed capabilities. Here are some pros and cons to consider:

Pros

Powerful Performance: Equipped with robust engines, the 292 FASTech delivers excellent acceleration and top-end speed, making it ideal for thrill-seekers.

Advanced Hull Design: The FASTech hull technology enhances stability and handling, providing a smooth ride even in choppy waters.

Spacious Layout: Despite its sporty profile, the boat offers a comfortable cockpit and cabin space suitable for day cruising and entertaining.

Quality Construction: Built with premium materials and attention to detail, ensuring durability and a refined finish.

Modern Amenities: Comes with updated electronics and comfort features that enhance the overall boating experience.

Cons

Fuel Consumption: The high-performance engines can be thirsty, leading to higher fuel costs during extended use.

Limited Overnight Comfort: While suitable for day trips, the cabin space may feel cramped for longer stays aboard.

Maintenance Costs: The advanced technology and performance components may require more specialized maintenance, potentially increasing upkeep expenses.

Price Point: As a performance-oriented cruiser, it may come at a higher initial purchase price compared to more basic models.

Made For

The 2006 Formula 292 FASTech is designed for boating enthusiasts who seek a high-performance, stylish, and versatile sport boat. Ideal for those who enjoy a combination of speed, agility, and comfort, this model caters to individuals and families looking for an exhilarating day on the water, whether for cruising, watersports, or entertaining guests. Its advanced FASTech hull technology delivers superior handling and a smooth ride, making it perfect for both seasoned boaters and those new to high-performance boating.

Finance your dream boat!

Use our boat payment calculator to estimate monthly payments for 2006 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 Cuddy Cabin 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$ 56,100
Total Payment$100,304.72
Monthly payment
$417.94/mo

Finance your dream boat!

Use our boat payment calculator to estimate monthly payments for 2006 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 Cuddy Cabin 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$ 56,100
Total Payment$100,304.72
Monthly payment
$417.94/mo

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Address

31700 Grape St.
Lake Elsinore, CA 92532

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