2002 Formula 37 PC
$89,900
Boat in Annapolis, MD 21403 US
37 PC
1 Engine (MerCruiser)
32.1 feet
Gas
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Equipped with "TWIN" 496 MAG w/Bravo III (One drive newly repaced), she is a top shelf family express cruiser with low hours. Generator has 457 hours. This boat has a bright and roomy interior that is designed to appeal to top end cruiser buyers willing to pay for the build quality of a Formula Performance Cruiser. Newer cockpit cover, all the filler cushions, tables etc. and she sleeps 6. This mid-cabin floorplan of the 37 PC is unusually wide open and spacious thanks to the absence of any interior cabin bulkheads and or cabin doors. Headroom is excellent, the soft goods are very elegant, the furnishings of Formula are first rate as well. Curtains are used to separate both sleeping areas in bow and stern that allow the cabin to feel larger than other competitors' models. The cockpit has a large U-shaped lounge with two tables or it can convert to a sizable sun pad or additional outdoor sleeping area. A standard wet bar and triple wide helm seat can accommodate plenty of seating as she is also Yacht Certified. The entire transom and rear seat unit can be raised for excellent engine access and can also be reached by a service hatch under the cockpit table.
Additional key features include a walkthrough windshield, sizable walkways around the windshield and a huge transom locker for stowing all gear needed for your valuable time on the water.
DISCLAIMER: National, its agents and brokers, offer the details and descriptions of the vessels in good faith but do not guarantee, warrant or represent the accuracy of the information or guarantee, warrant or represent the description or condition of the vessels. A buyer should verify the description and condition of any vessel through an inspection by a qualified surveyor and/or mechanic. The vessels are offered subject to prior sale, price change or withdrawal without notice. THIS IS NOT AN OFFER FOR THE SALE OF THE VESSELS BUT AN INVITATION TO MAKE AN OFFER TO BUY SUBJECT TO ALL OF NATIONAL'S TERMS AND CONDITIONS. National makes no guarantees, representations or warranties as to title and the ability to document or register the vessel. National is acting as a broker only and all issues as to title, documentation and registration are between the buyer and seller.
Contact us at recovery@nat-liq.com for questions related to any of our listing terms and policies.
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Offers are accumulated weekly through each Monday at 4:00 PM ET. In the event a particular Monday is a Federal Holiday, the deadline is extended an additional 24 hours. The high offer on a particular vessel is submitted to the Seller for consideration the following business day. The Seller, at its sole option, may accept or reject with or without a counter offer. Responses typically occur within 48 hours, no response constitutes a rejection of theoffer.
Upon notification of acceptance of an offer (either verbal or electronic), successful Bidder has 1 business day to deposit into National Liquidators escrow account, the greater of 10% of Gross Offer or $1,000.
Upon notification of acceptance of an offer (either verbal or electronic), successful Bidder has 5 business days to complete any and all conditions listed above in the "Conditions Of Offer". In any case, any remaining amounts due must be deposited into National Liquidators escrow account, within 5 business days after notification of acceptance of an offer (either verbal or electronic). Successful Bidder's failure to fund the total offer price within 5 business days after notice of acceptance will result in forfeiture of any deposits. In these instances, the vessel will be placed back into the auction cycle.
After funding the total offer price, Successful Bidder must remove the purchased vessel from National's storage facility within two business days or make storage arrangements with National. Storage charges will accrue on ALL purchased vessels until each is removed from National's storage facility. Standard storage rates apply; refer to http://www.yachtauctions.com/services for currentrates.
All vessels are sold AS IS, WHERE IS, with no warranties or representations, express or implied, as to condition or fitness for a particular purpose.
National Liquidators makes no guarantees, representations or warranties as to title or the ability to document or register the vessel. National Liquidators are acting as a broker only and issues as to title, documentation and registration are between the Buyer and the Seller, owner or lien holder. The required $399.00 administrative fee covers National's efforts to obtain titling and documentation information from the Seller; it does not include transfer of title or documentation to Buyer. National Liquidators can process transfer of title or documentation to Buyer an additional fee. Buyers that are interested in this service can contact National's title department for details, including charges. Ohio Law requires National to transfer title (not USCG documentation) directly to Ohio residents only, a $150 fee is charged for this service.
Purchasers must pay sales tax at the applicable rate in their respective states. Dealers that wish to be treated as tax-exempt are required to provide a state sale tax number, valid marine dealer's certificate, sign a Resale Certificate or Statement for Exemption of Purchase, and any other required documentation.
All payments required herein must be in certified funds or bank check drawn on a US bank, wire transfer or cash. Personal checks or credit cards are not acceptable.
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Price History
| Date | Event | Price |
|---|---|---|
| 4/15/26 | Initial price | $89,900 |
2002 Formula 37 PC Video Tours
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.
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Contact National Liquidators about 2002 Formula 37 PC
300 North Federal Hwy, Dania Beach, FL, 33004









































