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2002 Formula 353 Fastech Sold Boat in Grand Island, NY US

$79,900

Used
We will let you know when another 2002 Formula 353 Fastech is available in Grand Island, NY
builtBuilt in 2002
Year the boat was built
model

353 Fastech

Boat model
engine

--

Engine type and count
length

35 feet

Overall boat length
fuel

--

Fuel type
material

Fiberglass/Reinforced

Hull material

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2002 Formula 353 Fastech
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The Image of Velocity 360 2005 - 166831252005 Velocity 360
Price$79,900$83,900$88,900$89,999
LocationGrand IslandAngolaElmiraBrooklyn
Nominal Length35'33'36'45'
Draft1416'---
Engine Make-MerCruiserIlmorMercruiser
Total Engine Power-425 hp500 hp700 hp
Days on Market4544406236
Get in touch
Nominal Length
35ft
Length Overall
35ft
Beam
8ft
Max Draft
1416ft
Dry Weight
9500lb
Fresh Water Tanks
19gal
Fuel Tanks
153gal
Holding Tanks
6gal
Hull Material
fiberglass
Stock #047026 -

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Grand Island, NY

Formula 353 Fastech: BoatTEST Review

Reviewed by Jeff Hammond

Boat Test Review on BoatTest.com

Overview

The Formula 353 Fastech represents a notable collaboration between Formula and Ilmor, introducing Ilmor's new 570 horsepower 454 small block crossover engines. This model stands out as one of the most visually striking releases from Formula, featuring the innovative Stiletto graphics package applied with Imron paint rather than decals. The 353 Fastech aims to offer a competitively priced high-performance option within the Formula lineup, leveraging the power and efficiency of these newly developed engines.

Engine and Mechanical Features

Under the engine hatch reside the first two production units of Ilmor's 570 horsepower 454 small block engines, each weighing approximately 830 pounds. These engines fill a performance gap between Ilmor's 522 horsepower V8 and 650 horsepower V10 models. The installation in the 353 Fastech is well-executed, with easily accessible daily maintenance points such as forward-facing air cleaners and visible serpentine belts for inspection. A distinctive feature includes oil filters mounted directly to drip trays, enhancing cleanliness during servicing. Safety and convenience are addressed with a standard automatic discharge fire extinguisher, properly double-clamped hoses, clearly labeled ball valves, and power trim pumps positioned on the forward bulkhead. Electrical systems include a standard 50 amp battery charger, with battery switches and circuit breakers neatly located beneath the aft bench seat.

Exterior and Helm Design

The cockpit layout features McLeod Performance wraparound seats for both captain and passenger, designed for sustained high-speed comfort. These seats electrically lower to function as leaning posts, with adjustable footrests but fixed fore-and-aft positioning. Safety is enhanced by grab handles positioned behind the seats for standing passengers. The helm is finished with a color-matched carbon fiber treatment protected by a plastic overlay. Instrumentation includes an optional Garmin 740S GPS chartplotter, Ilmor's customizable multi-function engine displays, large Levorsi Monster and Redline analog tachometers, a fuel gauge, and a flush-mounted compass. Controls consist of dual chromed shift and throttle levers with integrated out-drive trim, supplemented by separate rocker switches for out-drive and trim tabs. Access to the bow is achieved by stepping over a low-profile windshield leading to a long foredeck and anchor hatch, though no anchor windlass is installed, deemed unnecessary due to weight considerations. Side rails are minimal and primarily aesthetic, while Formula's signature step-tall hull design reduces surface friction to enhance speed.

Performance and Handling

The Formula 353 Fastech measures 35 feet 3 inches in length overall, with a beam of 8 feet 3 inches and a draft of 36 inches. During testing, the boat's displacement was 10,650 pounds, accounting for fuel, water, and two occupants. Equipped with Mercury Racing Maximus 15.25 by 25 five-bladed props and a 1.5 to 1 gear reduction, the twin 570 horsepower Ilmor engines propelled the boat to a top speed of 85.2 miles per hour at 6,000 RPM, consuming 88 gallons of fuel per hour and providing a range of approximately 130 miles. The most efficient cruising speed was found at 3,500 RPM, yielding 46.2 miles per hour with a fuel burn of 27 gallons per hour and an extended range of 229 miles while maintaining a 10% fuel reserve. The boat exhibits a 14-degree bow rise during acceleration, which momentarily reduces forward visibility due to the helm's position relative to the bow. The 353 Fastech requires moderate trim adjustments to optimize performance, with the drives trimmed up to about 7 on the gauge to achieve optimal speed and handling. The hull design favors straight-line speed and stability, rolling 13.5 degrees into turns and demonstrating robust wave penetration thanks to its narrow entry. While capable of aggressive maneuvering, the boat is best handled at moderate speeds for occupant safety.

Conclusion

The Formula 353 Fastech powered by Ilmor's new 570 horsepower 454 small block engines delivers an impressive blend of performance, design, and innovation. The integration of these crossover engines provides a compelling option in the high-performance recreational boating segment, supported by thoughtful engineering and quality craftsmanship. The boat's handling characteristics, combined with its striking aesthetics and practical features, make it a noteworthy addition to Formula's lineup. Overall, the collaboration between Ilmor and Formula has produced a vessel that excels in speed, comfort, and style.

Rating: 4.3 out of 5

Overview from around the web 2002 Formula 353 Fastech

Customers praise the 2002 Formula 353 Fastech for its impressive blend of speed, handling, and sleek design

Many highlight its powerful performance on the water, attributing it to the advanced hull design and robust engine options. Owners appreciate the spacious and comfortable cockpit, which makes it ideal for both high-speed runs and relaxing cruises. The quality craftsmanship and attention to detail in the interior and exterior finishes also receive frequent commendation. Overall, users find the 353 Fastech to be a thrilling and reliable sport boat that delivers an exceptional boating experience.

The Biggest Pros and Cons

The 2002 Formula 353 Fastech is a high-performance sport boat known for its sleek design and powerful capabilities. Here are some of the pros and cons to consider:

Pros

Powerful Performance: Equipped with a robust engine, the 353 Fastech delivers impressive speed and acceleration, making it ideal for thrill-seekers and water sports enthusiasts.

Sleek, Sporty Design: Its aerodynamic styling not only looks great but also enhances handling and stability on the water.

Spacious Cockpit: Offers comfortable seating and ample room for passengers, making it suitable for day cruising and entertaining.

Quality Build: Formula is known for its solid construction and attention to detail, ensuring durability and reliability.

Responsive Handling: The hull design provides excellent maneuverability, allowing for a smooth and controlled ride even at higher speeds.

Cons

Fuel Consumption: With its powerful engine, the 353 Fastech can be less fuel-efficient compared to smaller or less performance-oriented boats.

Limited Cabin Space: While it offers some cabin amenities, the interior is relatively compact, which may not be ideal for extended overnight trips.

Maintenance Costs: High-performance boats like the 353 Fastech often require more specialized maintenance, which can be more costly over time.

Ride Comfort in Rough Water: Due to its sporty design, the ride may be less comfortable in choppy conditions compared to larger, heavier cruisers.

Made For

The 2002 Formula 353 Fastech is designed for boating enthusiasts who seek a perfect blend of high performance and luxury. Ideal for those who enjoy exhilarating speed on the water without sacrificing comfort, this model is well-suited for adrenaline lovers, weekend adventurers, and families looking for a stylish and reliable boat. Whether you’re into water sports, cruising, or entertaining guests, the Formula 353 Fastech offers a versatile and exciting boating experience.

Finance your dream boat!

Use our boat payment calculator to estimate monthly payments for 2002 Formula 353 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$ 67,915
Total Payment$121,429.50
Monthly payment
$505.96/mo

Finance your dream boat!

Use our boat payment calculator to estimate monthly payments for 2002 Formula 353 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$ 67,915
Total Payment$121,429.50
Monthly payment
$505.96/mo

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