2002 Formula 37 PC 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
Overview
The Formula 37 PC is a premium cruiser designed for both performance and ease of handling. Equipped with twin 430 horsepower 8.2 MAG HO engines and the advanced Axius joystick control system, this vessel offers precise maneuverability and powerful performance. Measuring 38 feet 5 inches in length overall with a 12-foot beam and a draft of 34 inches, the 37 PC balances spaciousness with agility, making it a capable boat for a variety of cruising conditions.
Exterior Design and Bridge Features
The 37 PC features a thoughtfully designed helm area with a double-wide seat that comfortably accommodates both captain and observer, each with flip-up bolsters that also serve as armrests. The helm panel is elegantly finished with faux burl wood and includes a 12-inch Raymarine E120 display, SmartCraft vessel view, fuel gauges, trim gauges, and optional autopilot controls. The power quadrant integrates digital throttle and shift controls, trim tabs, the Axius joystick, remote spotlight control, and a Skyhook station-keeping system. The steering wheel is leather-wrapped with wood trim and mounted on a tilt base for ergonomic handling. Boarding is facilitated by a non-skid cap rail, stainless grab handle, and variable-height railings that rise from 19 to 27 inches at the bow. The bow area includes a concealed Lumar windlass with automatic latching hatch, stainless steel anchor chute, freshwater washdown option, and dual foot control switches, enhancing both functionality and safety.
Engine Access and Systems
Maintenance and daily checks are simplified by the inclusion of a deck hatch that provides easy access to the twin engines. Additional compartments on the starboard side house the batteries, head pumps, and a fixed firefighting system, ensuring that critical systems are readily accessible. The engine hatch allows for more extensive maintenance, but the deck hatch is particularly convenient for routine inspections.
Power and Performance
Powered by twin 430 horsepower 8.2 MAG HO engines, the Formula 37 PC delivers a top speed of 46.7 miles per hour at 4,800 RPM, with a corresponding fuel burn of 67.5 gallons per hour, yielding a range of approximately 147 miles. The most efficient cruising speed is achieved at 3,500 RPM, where the boat maintains 32.2 miles per hour while consuming 33.25 gallons per hour. This allows for a cruising range of 206 miles over six hours and 24 minutes with a 10% fuel reserve. Acceleration is brisk, with the vessel planing in 4.8 seconds, reaching 20 miles per hour in 6.6 seconds, 30 miles per hour in 11.6 seconds, and 40 miles per hour in 18.8 seconds. The bow rises about 12 degrees during acceleration due to its forward position, temporarily obscuring the horizon until the boat planes. Once on plane, a slight adjustment of the trim tabs results in a comfortable 6 to 7 degree bow-high cruising attitude. Steering is responsive with two and a half turns lock to lock, providing precise control without overly sharp or uncomfortable turns.
Handling and Maneuverability
The Axius joystick system greatly enhances close-quarters handling, allowing the 37 PC to move in any direction with minimal effort. Docking mode reduces power for fine control, and the joystick’s placement offers excellent visibility of both bow and stern, critical for tight marina maneuvers. The helm’s ergonomic layout ensures that throttle, trim tabs, and joystick controls are within easy reach, facilitating confident operation in confined spaces. At idle speeds, the captain’s seating position may require adjustment to maintain clear sightlines through the windshield, but the boat’s generous headroom makes standing at the helm preferable during cruising.
Conclusion
The Formula 37 PC combines premium build quality with advanced technology to deliver a versatile and enjoyable cruising experience. Its powerful engines, efficient fuel consumption, and responsive handling make it suitable for both leisurely cruises and more spirited outings. The integration of the Axius joystick system simplifies close-quarters maneuvering, while the well-appointed helm and accessible engine compartments contribute to ease of operation and maintenance. Overall, the 37 PC stands out as a capable and thoughtfully designed cruiser in its class.
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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2002 Formula 37 PC | |||||
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| $89,900 | $89,900 | $99,000 | $79,900 | $75,000 | $109,900 |
| Annapolis | Fort Washington | Chesapeake City | Arnold | Queenstown | Essex |
| 32' | 37' | 34' | 36' | 33' | 42' |
| 26' | - | - | - | - | - |
| MerCruiser | MerCruiser | Mercruiser | Yanmar | MerCruiser | Yanmar |
| - | - | 370 hp | 315 hp | 320 hp | 370 hp |
| 0 | 632 | 30 | 46 | 456 | 344 |
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Contact National Liquidators about 2002 Formula 37 PC
300 North Federal Hwy, Dania Beach, FL, 33004










































