2014 Formula 292 FASTech Boat in Lake In The Hills, IL 60156 US

$114,980

Used
builtBuilt in 2014
Year the boat was built
model

292 FASTech

Boat model
engine

2 Engines (2x Mercruiser)

Engine type and count
length

29.2 feet

Overall boat length
fuel

--

Fuel type
material

Fiberglass/Reinforced

Hull material
Nominal Length
29.17ft
Length Overall
29.17ft
Beam
8.25ft
Max Bridge Clearance
4.92ft
Max Draft
2.75ft
Cabin Headroom
4.42ft
Deadrise At Transom
24deg
Dry Weight
7000lb
Heads
1
Fresh Water Tanks
19gal
Fuel Tanks
113gal
Holding Tanks
2.6gal
Hull Material
fiberglass
Hull Shape
deep-vee
Engine 1
Engine Make
Mercruiser
Engine Model
350 Mag MPI Bravo
Total Power
300hp
Engine Hours
211
Engine Type
inboard-outboard
Drive Type
stern
Propeller Material
stainless-steel
Engine 2
Engine Make
Mercruiser
Engine Model
350 Mag MPI Bravo
Total Power
300hp
Engine Hours
211
Engine Type
inboard-outboard
Drive Type
stern
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
6/27/26Initial price$114,980

Contact Grand Sport Center Inc.

1530 Industrial Drive, Lake in the Hills, IL, 60156

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 2014 Formula 292 FASTech

The 2014 Formula 292 FASTech has garnered positive feedback from customers, highlighting its impressive design and performance

Enthusiasts appreciate the boat's sleek lines and eye-catching aesthetics, which combine sportiness with luxury. Many users praise the powerful twin engines that deliver exhilarating speed and acceleration, making it a thrilling experience on the water. The handling is also frequently noted as a standout feature, with customers mentioning smooth navigation and stability even at higher speeds. Inside, the comfortable and thoughtfully designed cabin has received accolades for its spaciousness and high-quality finishes. Owners enjoy the well-equipped galley and plush seating, making it an ideal choice for both day trips and longer excursions. Additionally, the attention to detail and the craftsmanship that Formula is known for is consistently acknowledged, with customers feeling that the 292 FASTech represents great value for its performance and features. Overall, the 2014 Formula 292 FASTech has left a lasting impression on customers, making it a desirable option for those seeking a high-performance, luxurious powerboat.

The Biggest Pros and Cons

Pros

Performance-Oriented Design: The 2014 Formula 292 FASTech is built for speed and agility on the water, making it an excellent choice for thrill-seekers and performance enthusiasts.

Quality Construction: Formula is known for its high-quality craftsmanship, and the 292 FASTech is no exception. The hull design offers a blend of durability and lightweight efficiency.

Spacious Cockpit: The open cockpit design provides ample space for socializing, with comfortable seating that accommodates friends and family, ensuring everyone enjoys the ride.

Innovative Features: The 292 FASTech is equipped with modern amenities, including advanced navigation systems and top-of-the-line sound systems for an enhanced boating experience.

Smooth Ride: The boat’s deep-V hull provides excellent handling and stability, making it suitable for various water conditions while delivering a smooth, dry ride.

Customization Options: Formula offers a range of customization options, allowing buyers to tailor the boat to their specific needs and preferences in terms of performance and aesthetics.

Cons

Cost: The initial purchase price of the 2014 Formula 292 FASTech may be on the higher side compared to other boats in its class, which could be a consideration for budget-conscious buyers.

Fuel Consumption: Performance boats like the 292 FASTech tend to have higher fuel consumption, particularly when operating at high speeds, which can result in increased operating costs.

Limited Storage: While the cockpit is spacious, some owners may find that storage options for gear and personal items are somewhat limited compared to larger cruisers.

Maintenance Requirements: High-performance engines and systems require regular maintenance, which can be a time-consuming and costly aspect of ownership.

Not Ideal for All Waters: While the deep-V hull handles choppy waters well, those looking for a boat for leisurely activities or low-speed cruising might find it less suited for such purposes.

Steep Learning Curve: Due to its performance capabilities, the 292 FASTech may not be the best choice for novice boaters who might find its handling and operational features challenging to master initially.

Made For

The 2014 Formula 292 FASTech is designed for boating enthusiasts who crave performance, style, and the thrill of the open water. This high-performance powerboat appeals to individuals and families looking for an exhilarating experience on lakes, rivers, and coastal waters. With its sleek lines and cutting-edge design, the 292 FASTech is perfect for those who appreciate luxury and speed. It offers ample seating and storage for day trips or weekend getaways, making it an ideal choice for recreational boating, watersports, or simply cruising with friends. Whether you're a seasoned boater or new to the water, the Formula 292 FASTech promises an unforgettable adventure.

Finance your dream boat!

Use our boat payment calculator to estimate monthly payments for 2014 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 Power 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$ 97,733
Total Payment$174,742.97
Monthly payment
$728.10/mo

Finance your dream boat!

Use our boat payment calculator to estimate monthly payments for 2014 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 Power 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$ 97,733
Total Payment$174,742.97
Monthly payment
$728.10/mo

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Address

1530 Industrial Drive
Lake in the Hills, IL 60156

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