2002 Formula 37 PC

$89,900

Used

Boat in Annapolis, MD 21403 US

builtBuilt in 2002
Year the boat was built
model

37 PC

Boat model
engine

1 Engine (MerCruiser)

Engine type and count
length

32.1 feet

Overall boat length
fuel

Gas

Fuel type
material

--

Hull material
Nominal Length
32.083333333333336ft
Length Overall
32.083333333333336ft
Beam
1111ft
Max Draft
26ft
Fresh Water Tanks
57gal
Fuel Tanks
236gal
Holding Tanks
55gal
Engine 1
Engine Make
MerCruiser
Engine Model
496mag Bravo 3 (no hour meter)
Engine Hours
4
Fuel Type
gasoline

Price History

DateEventPrice
4/15/26Initial price$89,900

Contact National Liquidators

300 North Federal Hwy, Dania Beach, FL, 33004

Boattest.com Review

Overview

The Formula 37 PC is a versatile cruising boat measuring 38 feet 5 inches in length overall with a beam of 12 feet. Its dry weight varies around 17,500 pounds depending on engine configuration, and it draws 34 inches of water. Designed to serve as a functional weekender, the Formula 37 PC balances spaciousness, ease of handling, and solid performance.

Power and Performance

During testing, the Formula 37 PC was equipped with twin 425 horsepower 8.1-liter Mercury gasoline engines paired with Bravo 3 stern drives. The vessel featured the Axius joystick control system, which greatly enhanced close-quarters maneuvering. With three people aboard and less than half a tank of fuel, the boat achieved a top speed of 46.9 miles per hour at 4950 RPM. Its most efficient cruising speed was found at 3500 RPM, where it maintained 30.7 miles per hour while consuming 34.4 gallons per hour, resulting in a cruising range of approximately 190 miles with a 10% fuel reserve.

Exterior Design and Deck Layout

Accessing the boat from the transom walkthrough leads into a practical cockpit area featuring a U-shaped settee to starboard and a wet bar to port. The cockpit table is designed in two parts with separate pedestals, allowing for multiple configurations including dual tables for dining or cocktails, a single table with ample passage space, or removal of tables to create a lounging area with filler cushions. An optional LCD TV can be mounted on a pedestal above the wet bar, though its necessity in an outdoor setting is debatable. Forward of the helm, molded steps on the port side provide access to the bow, which is outfitted with two sun pads that convert easily into chaise lounges. The boat also offers optional remote keychain controls for underwater and cockpit courtesy lighting, enhancing convenience and safety when boarding in low light.

Helm and Controls

The helm station is thoughtfully arranged with engine displays positioned to the port side and a central E120 display. The steering wheel combines wood and stainless steel elements, complemented by well-grouped, lighted rocker switches. A stainless steel grab rail to port facilitates safe movement to the bow. Below the helm panel, the stereo system is installed alongside the VHF radio, providing comprehensive audio and communication controls. However, the helm design has minor drawbacks: there is no dedicated flat surface for placing personal items due to a steering system hump, and the drink holders occupy a prime spot on the dash. Additionally, the throttle controls are mounted vertically rather than horizontally, which may reduce ease and precision of operation, as horizontal placement is generally preferred for ergonomic handling.

Conclusion

Overall, the Formula 37 PC is a well-crafted cruiser that offers a blend of performance, functionality, and quality. Its manageable size, joystick-assisted maneuverability, and flexible cockpit layout make it an excellent choice for weekenders seeking both comfort and ease of operation. With the hallmark build quality expected from Formula, this model stands out as a refined and enjoyable boat that owners will be proud to operate and display.

Overview from around the web 2002 Formula 37 PC

Customers praise the 2002 Formula 37 PC for its sleek design, spacious cockpit, and solid performance on the water

Many highlight the boat’s comfortable seating and well-appointed interior, making it ideal for both day cruising and longer trips. Owners appreciate the reliable power and smooth handling, along with the quality craftsmanship evident throughout. The boat’s versatility and stylish appearance consistently receive positive remarks from those who have experienced it firsthand.

The Biggest Pros and Cons

The 2002 Formula 37 PC is a well-regarded sport cruiser known for its blend of performance, luxury, and versatility. Here are some pros and cons to consider:

Pros

Powerful Performance: Equipped with strong engines, the 37 PC delivers impressive speed and handling, making it enjoyable for cruising and watersports.

Spacious Interior: The cabin offers ample space with comfortable sleeping accommodations, a well-appointed galley, and a functional head, suitable for overnight stays.

Quality Construction: Formula boats are known for solid build quality and attention to detail, ensuring durability and reliability.

Versatile Layout: The open cockpit and extended swim platform provide excellent areas for entertaining and outdoor activities.

Good Visibility: The helm station offers excellent sightlines for safe and confident navigation.

Cons

Fuel Consumption: With its powerful engines, fuel efficiency can be on the lower side, which may increase operating costs.

Maintenance Costs: As with many performance cruisers, maintenance and repairs can be relatively expensive, especially as the boat ages.

Limited Storage: While the interior is spacious, storage space may be somewhat limited for extended cruising or larger groups.

Ride in Rough Water: Though generally stable, the boat’s performance may be less comfortable in very choppy conditions compared to larger yachts.

Made For

The 2002 Formula 37 PC is designed for boating enthusiasts who seek a perfect blend of performance, luxury, and comfort. Ideal for those who enjoy stylish day cruising, entertaining guests, and spending extended time on the water, this model caters to individuals and families looking for a versatile and reliable boat with spacious accommodations and sleek, sporty design. Whether you're navigating coastal waters or enjoying a weekend getaway, the Formula 37 PC offers an exceptional boating experience.

Finance your dream boat!

Use our boat payment calculator to estimate monthly payments for 2002 Formula 37 PC. 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$ 76,415
Total Payment$136,627.18
Monthly payment
$569.28/mo

Finance your dream boat!

Use our boat payment calculator to estimate monthly payments for 2002 Formula 37 PC. 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$ 76,415
Total Payment$136,627.18
Monthly payment
$569.28/mo

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Meet the Broker

Address

300 North Federal Hwy
Dania Beach, FL 33004

Boat Location

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