2003 Formula 37 Boat in Lindenhurst, NY 11757 US

$85,000

Used
builtBuilt in 2003
Year the boat was built
model

37

Boat model
engine

2 Engines (2x MerCruiser)

Engine type and count
length

37 feet

Overall boat length
fuel

Gas

Fuel type
material

Fiberglass/Reinforced

Hull material
Nominal Length
37ft
Length Overall
38.42ft
Hull Material
fiberglass
Engine 1
Engine Make
MerCruiser
Engine Model
MerCruiser 8.1S HO
Total Power
420hp
Engine Hours
425
Engine Type
inboard
Fuel Type
gasoline
Engine Year
2003
Drive Type
v
Engine 2
Engine Make
MerCruiser
Engine Model
MerCruiser 8.1S HO
Total Power
420hp
Engine Hours
427
Engine Type
inboard
Fuel Type
gasoline
Engine Year
2003
Drive Type
v
Summary
The 2003 Formula 37 Performance Cruiser combines Formula’s deep-V performance with a spacious cockpit and comfortable cabin. Powered by twin MerCruiser 8.1S HO V-drive inboards, she offers generous seating, a full galley, convertible berths, an enclosed head and an extended swim platform, plus more.
Accommodations
  • Spacious salon lounge with dining table
  • Convertible salon seating for additional sleeping capacity
  • Private forward berth
  • Mid-cabin lounge that converts into a guest berth
  • Hanging lockers and storage compartments
  • Enclosed head with sink, vanity and shower
  • Marine toilet and holding-tank system
  • Interior air conditioning with reverse-cycle heat
  • Overhead and accent lighting
  • Opening ports and overhead hatches for natural light and ventilation
  • Entertainment-system cabinetry
  • Coordinated upholstery and interior finishes


Galley
  • Solid-surface countertop
  • Stainless-steel sink
  • Electric cooktop
  • Refrigerator/freezer
  • Built-in storage cabinets and drawers
  • Hot-and-cold pressurized water
  • Electrical outlets
  • Included 12-volt air-fryer/convection oven


Engines
  • Twin MerCruiser 8.1S HO gasoline inboard engines
  • V-drive transmissions
  • Both engine aftercoolers removed and serviced
  • Aftercooler cores and housings acid-cleaned
  • Aftercoolers pressure-tested and reassembled
  • New aftercooler zincs installed
  • Engine and generator water-pump impellers replaced
  • Heat-exchanger zincs replaced
  • Gear-oil coolers removed and cleaned
  • Air separators serviced
  • Primary and secondary fuel filters replaced
  • Engine oil and filters changed
  • Transmission gear oil changed
  • Generator oil and filter changed
  • Seasonal winterization and spring commissioning documented
  • Propellers and shafts cleaned


Electrical Equip
  • 12-volt DC electrical system
  • 120-volt AC shore-power system
  • Onboard generator
  • AC/DC electrical distribution panel
  • Dedicated engine-starting and house-battery banks
  • Battery switches
  • Battery charger/converter
  • Shore-power connections and cords
  • Cabin and cockpit lighting
  • GFCI-protected outlets
  • Electric water heater
  • Electric galley appliances
  • Air-conditioning and reverse-cycle heating system
  • Electric windlass
  • Automatic and manual bilge-pump circuits


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.

Mechanical Disclaimer

Engine and generator hours are as of the date of the original listing and are a representation of what the listing broker is told by the owner and/or actual reading of the engine hour meters. The broker cannot guarantee the true hours. It is the responsibility of the purchaser and/or his agent to verify engine hours, warranties implied or otherwise and major overhauls as well as all other representations noted on the listing brochure.

Price History

DateEventPrice
9/8/26Initial price$85,000

Contact East Coast Yacht Sales

100 Essex Street, Suite 2D, Mystic, CT, 06335

Formula 37: BoatTEST Review

Reviewed by Jeff Hammond

Overview

The Formula 37 PC is an upscale weekender designed with a high level of build quality and fit and finish. This model offers a blend of comfort, performance, and thoughtful features, making it well suited for weekend cruising. With a length overall of 38 feet 5 inches, a beam of 12 feet, and a draft of 34 inches, the 37 PC balances spacious accommodations with manageable handling.

Exterior Design and Cockpit Features

The stern boarding area features both a 36-inch fixed platform and a 34-inch extended platform, both surfaced with Plazdeck Teak Finish synthetic material. The extended platform is equipped with a stainless steel grab rail for safety and convenience during swimming or docking. Beverage holders flank each side, and a retractable swim step is centered below. A side-mounted pedestal base for an optional grill is located on the starboard transom, adjacent to an aft-facing seat with a sun pad base, which includes beverage holders and a stereo remote with USB connectivity. Storage is available beneath this seating. Access to the cockpit is through a 16-inch wide walkthrough with a stainless steel framed acrylic gate. A shower is mounted on the port bulkhead. The sun pad area incorporates dual flip seat backs, allowing conversion between aft-facing and forward-facing seating within the U-shaped cockpit lounge, which surrounds two removable pedestal tables. The cockpit seating demonstrates Formula’s attention to detail, featuring weather-resistant materials with a prefixed stain inhibitor, carbon fiber trim, contrast bead welding, double stitching with Tenera element-resistant thread, and custom embroidery. To port, a refreshment center with a Corian countertop includes a recessed sink, a pedestal base for a TV, a dual-voltage refrigerator below the grab rail, a trash receptacle, and the battery switch. Forward of the cockpit, a double-wide lounge with a wraparound seat back offers versatile seating options under a hardtop that stands 6 feet 11 inches above the deck. The hardtop is equipped with speakers, two opening hatches, and LED lighting. Access to the cabin is via a center-mounted sliding door.

Interior Living Spaces

Inside the cabin, the Formula 37 PC provides comfortable accommodations with a gray wash woodgrain finish and 6 feet 8 inches of headroom, creating an open and inviting atmosphere. To starboard, a relaxing sofa can be complemented with a pedestal table for dining or socializing. The galley is efficiently designed with a glass-top cabinet for stemware, a coffee garage below, ample storage, a microwave, and a concealed two-burner stove. The Corian countertop includes a recessed stainless steel sink and a trash receptacle, with a refrigerator and additional storage located beneath. Forward lies the master stateroom, accessed through twin privacy doors, featuring an island berth with storage drawers underneath. A full-length mirror on the port closet door conceals an owner's safe, and a 24-inch TV is mounted on the aft bulkhead. A mid-cabin aft of the master offers flexible use as either a sitting room or a separate cabin with a privacy curtain. The head, located at the companionway to port, includes a separate shower enclosure, a toilet, and a stainless steel sink recessed into a Corian countertop.

Power and Performance

The Formula 37 PC is powered by twin 430 horsepower Mercruiser 8.2 Mag HO ECT engines paired with Bravo 3 outdrives, though the model offers a range of ten engine options from 330 to 430 horsepower. Engine access is facilitated by an electrically actuated hatch controlled from the helm, revealing well-organized engine compartments with all checkpoints located at the front for ease of servicing. A step is provided to aid maintenance, and the center platform conceals the engine start batteries. Additional mechanical features include a 7.5 kW generator with raw water pickup, a hot water heater on the starboard side, house batteries on port, a day hatch in the deck, and two engine flush quick connects on the port bulwarks. Dockside connections include shore power, TV, phone, and city water inlets. The helm is equipped with a recessed compass to reduce glare, dual fuel gauges, a 7-inch SmartCraft display with full functionality, a Lumar chain counter, outdrive trim gauges, and a tri-data display. Controls include rocker switches, VHF horn, stereo controls, a tilt steering wheel, joystick controls for the remote spotlight and Mercury joystick piloting system, trim tab rockers with LED indicators, and Mercury digital throttle and shift controls featuring single-lever operation and engine synchronization. The wraparound windshield is supported by a stainless steel frame with a walkthrough to the bow.

Performance Metrics

During testing with twin 430 horsepower engines, the Formula 37 PC achieved a top speed of 46.5 miles per hour at 4850 RPM. The best economic cruise was recorded at 3500 RPM, corresponding to 30 miles per hour, where the boat consumed 39 gallons of fuel per hour, yielding 0.8 miles per gallon and a range of 147 statute miles while retaining a 10% fuel reserve from the total 212-gallon capacity. The boat reached planing speed in an average of 5.4 seconds with minimal bow rise, accelerated to 20 miles per hour in 10 seconds, and to 30 miles per hour in 19 seconds. Handling characteristics include a 19-degree roll into turns with a subtle slide that mitigates the sensation of being pushed outward, contributing to a balanced and confident ride. The Mercury joystick system greatly enhances low-speed maneuverability, allowing precise docking even in challenging conditions such as wind or current, making the boat accessible for operators upgrading from smaller vessels.

Conclusion

The Formula 37 PC exemplifies what a weekend cruiser should offer, combining a high level of comfort, thoughtful design, and refined fit and finish. Its versatile interior, well-appointed exterior features, and strong performance capabilities make it a compelling choice for those seeking a quality boat for leisure cruising. The advanced joystick piloting system further enhances ease of handling, particularly in docking scenarios, providing confidence for operators of varying experience levels. Overall, the 37 PC reflects Formula’s commitment to craftsmanship and functionality.

Rating: 4.5 out of 5

Overview from around the web 2003 Formula 37

The 2003 Formula 37 is often praised by customers for its impressive performance, sleek design, and spacious interior

Owners appreciate the boat's powerful twin-engine setup, which provides a smooth and exhilarating ride on the water. Many users highlight the reliable handling and responsiveness, making it a joy to navigate in various conditions. The interior layout is another feature that garners positive feedback. The well-designed cabin provides ample space for entertaining, with a full galley, comfortable seating, and sleeping accommodations for overnight trips. Customers often mention the quality of finishes and attention to detail, enhancing the overall luxury experience on board. Additionally, the Formula 37 is lauded for its versatility. Whether it's cruising, watersports, or simply relaxing at anchor, owners find that this boat meets their diverse needs with ease. Many reviews emphasize the boat’s solid build quality and performance, making it a sought-after choice among boating enthusiasts. Overall, the 2003 Formula 37 continues to earn strong endorsements from its owners for its blend of performance, comfort, and style on the water.

The Biggest Pros and Cons

The 2003 Formula 37 is a popular performance cruiser known for its combination of comfort, style, and impressive handling. Here’s a breakdown of the pros and cons:

Pros

Performance: With its powerful engines, the Formula 37 offers excellent speed and acceleration, making it a thrill to drive on open waters.

Design: The Formula brand is renowned for its sleek, sporty design. The 37 features a contemporary aesthetic that stands out on the water.

Spacious Interior: The layout is designed for comfort, boasting a well-appointed cabin with ample space for lounging, dining, and sleeping.

Quality Build: Known for high construction standards, the Formula 37 is built with durable materials that enhance longevity and reduce maintenance needs.

Cruising Amenities: Equipped with modern appliances and entertainment features, the Formula 37 is perfect for extended outings, accommodating family and friends on the water.

Versatile Layout: The cockpit design is functional with plenty of space for seating and entertaining, making it ideal for social gatherings.

Cons

Fuel Consumption: The powerful engines, while thrilling, can lead to higher fuel consumption, which may be a consideration for budget-conscious buyers.

Maneuverability: Its size can make the Formula 37 slightly more challenging to maneuver in tight spaces compared to smaller boats, requiring some practice for inexperienced drivers.

Maintenance Costs: While the build quality is high, the performance aspects may lead to increased maintenance and repair costs over time.

Storage Space: Although the interior is spacious, dedicated storage for gear and equipment may not be abundant, necessitating creative solutions.

Price Point: As a premium brand, Formula boats, including the 37 model, tend to be pricier than some competitors, which could be a deterrent for some buyers.

Made For

The 2003 Formula 37 is designed for boating enthusiasts who value performance, luxury, and versatility on the water. This model is ideal for weekend warriors looking for a comfortable and stylish getaway, as well as families seeking a spacious and safe vessel for memorable adventures. With its sporty design and powerful engines, the Formula 37 caters to those who enjoy thrilling rides and engaging in water sports. Its well-appointed interiors make it perfect for entertaining guests or enjoying quiet evenings on the water. Whether you're cruising along coastal waters, anchoring in secluded coves, or hosting gatherings with friends and family, the Formula 37 delivers an exceptional boating experience that combines elegance with thrilling performance. Ideal for both experienced boaters and newcomers alike, this model ensures countless hours of enjoyment on the water.

Finance your dream boat!

Use our boat payment calculator to estimate monthly payments for 2003 Formula 37. 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 Express 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$ 72,250
Total Payment$129,180.32
Monthly payment
$538.25/mo

Finance your dream boat!

Use our boat payment calculator to estimate monthly payments for 2003 Formula 37. 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 Express 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$ 72,250
Total Payment$129,180.32
Monthly payment
$538.25/mo

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Get in touch

Meet the Broker

Address

100 Essex Street
Suite 2D
Mystic, CT 06335
Other Information about East Coast Yacht Sales

East Coast Yacht Sales is a high quality dealership and brokerage firm with a charismatic team of experienced yacht consultants, service technicians, and support staff who all have a passion for people, boats, and the water. Dealers for Axopar, Targa, Sirena, Boston BoatWorks, & J Boats.

With almost 40 years in the business, East Coast Yacht Sales has grown to eight offices throughout the northeast. You can find ECYS in the same Yarmouth, ME flagship location that was its birthplace, in addition to: Camden and Belfast, ME, Manchester, MA, Newport, RI, Mystic, CT, Long Island, NY, Atlantic Highlands, NJ and Annapolis, MD.

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