2002 Formula 37 Performance Cruiser
$89,900
Boat in Fort Washington, MD 20744 US
Built in 2002
37 Performance Cruiser
2 Engines (2x MerCruiser)
37 feet
Gas
Fiberglass/Reinforced
This 2002 Formula 37 PC is located in the upper Potomac in fresh water.
Equipped with "TWIN" 496 MAG w/Bravo III (One drive newly replaced), 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.
She has been serviced with an open checkbook and is ready to go.
- 496 Mercury 496mag Bravo 3 (no hour meter)
- Kohler Generator 457 hours
- Bimini Top
- Cockpit cover
- Tv and upgraded Fusion sound system w/JL audio speakers and amp.
- VHF
- Sun pads
- Refrigerator and cockpit ice maker
- Bennet trim tabs
- Marine Ac/Heat
- All lights upgraded to led
- Garmin Gps
- Cockpit sink
- Microwave
- 2 burner stove
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. 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.
Price History
| Date | Event | Price |
|---|---|---|
| 6/28/25 | Initial price | $89,900 |
2002 Formula 37 Performance Cruiser Video Tours
Boattest.com Review
Overview
The Formula 37 PC is a premium cruiser designed for both performance and comfort. Equipped with the advanced AXIOS joystick system, this vessel offers precise maneuverability, especially in tight marina environments. The boat features a thoughtfully designed helm and cockpit area, combining functionality with refined aesthetics.
Exterior Design and Cockpit
Significant enhancements were made to the stern platform and cockpit for the 2017 model year. The swim platform has nearly doubled in size, providing ample space for water sports, tender launching, and sunbathing. It features a synthetic teak-like surface that remains cool to the touch and a robust steel rail that serves as both a handhold and a fender. The platform is a separate structure seamlessly integrated into the hull. Along the transom, amenities include shore power connections, courtesy and LED stern lights, speakers, and concealed storage beneath a new sun pad for fenders and dock lines. Additional conveniences include a hot and cold shower and engine flushing hose connections. The cockpit seating is versatile, with lounge seat backs that swing fore and aft to create either chaise lounges or cozy seating around a pedestal table. A port-side wet bar is discreetly housed under a gray molding and includes a sink, refrigerator, battery switch, trash container, and hardware for mounting a flat-screen TV with power and cable connections, as well as USB ports. An optional air conditioning unit is installed beneath a port bench seat. The helm and cockpit dash continue the gray surface theme, reducing glare and enhancing the overall sophisticated appearance.
Helm Layout and Controls
The helm features a faux burl wood upper panel with a SmartKraft vessel view and fuel gauges. A centrally located 12-inch Raymarine E120 display provides navigation and system information, complemented by an optional autopilot, trim gauges, and a chain counter for the windlass. The starboard side houses the power quadrant with digital throttle and shift controls. Controls for trim tabs, the AXIOS joystick, remote spotlight, and the AXIOS control panel with skyhook functionality are conveniently positioned within fingertip reach. The steering wheel is a leather-wrapped, wood-trimmed, three-spoke design mounted on a tilt base, offering both comfort and precise handling.
Power and Performance
The Formula 37 PC measures 38 feet 5 inches overall, with a 12-foot beam and a draft of 34 inches. The test vessel weighed 18,340 pounds, including fuel and two passengers. Powered by twin 430 horsepower 8.2L Magnum HO engines, the boat achieved a top speed of 46.7 miles per hour at 4,800 RPM, consuming 67.5 gallons of fuel per hour and providing a range of 147 miles. The most efficient cruise speed was 32.2 miles per hour at 3,500 RPM, with a fuel burn of 33.25 gallons per hour, enabling a range of 206 miles over six hours and 24 minutes while maintaining a 10% fuel reserve. Acceleration was brisk, with a time to plane of 4.8 seconds, reaching 20 mph in 6.6 seconds, 30 mph in 11.6 seconds, and 40 mph in 18.8 seconds. The bow rises approximately 12 degrees during acceleration due to its forward position, temporarily obscuring the horizon until the boat planes. Once on plane, a slight trim adjustment reduces the bow angle to about 6 to 7 degrees for comfortable cruising. Steering is responsive with two and a half turns lock to lock, providing precise control without abrupt handling. At idle speeds, visibility through the windshield is somewhat limited unless seated, but the generous headroom makes standing at the helm ideal during cruising.
Conclusion
The Formula 37 PC combines advanced maneuvering technology, thoughtful design enhancements, and strong performance characteristics to deliver a capable and comfortable cruiser. Its expanded swim platform, versatile cockpit seating, and refined helm layout enhance usability and enjoyment on the water. Powered by robust engines, it offers both speed and efficiency, making it suitable for a variety of boating activities. Overall, the 37 PC represents a well-executed balance of luxury and functionality.
Overview from around the web 2002 Formula 37 Performance Cruiser
Customers consistently praise the 2002 Formula 37 Performance Cruiser for its powerful performance and sleek design
Many highlight its smooth handling and impressive speed, making it ideal for both cruising and watersports. The spacious and well-appointed interior receives positive remarks for comfort and style, featuring quality materials and thoughtful layout that enhance the onboard experience. Owners also appreciate the boat’s reliability and solid construction, noting that it delivers a dependable and enjoyable time on the water. Overall, the Formula 37 Performance Cruiser is valued for combining luxury, performance, and functionality in a timeless package.
The Biggest Pros and Cons
The 2002 Formula 37 Performance Cruiser offers a compelling blend of power, style, and comfort, making it a popular choice among boating enthusiasts. Here are some of the key pros and cons of this model:
Pros
Performance: Equipped with robust engines, the Formula 37 delivers impressive speed and handling, ideal for both cruising and watersports.
Design: Sleek and sporty exterior lines combined with a well-thought-out interior layout provide both aesthetic appeal and functional comfort.
Spaciousness: The cabin offers ample space with comfortable sleeping accommodations, a fully equipped galley, and a roomy head, making it suitable for extended trips.
Build Quality: Known for solid construction and durable materials, this model maintains reliability and longevity over time.
Amenities: Features such as air conditioning, entertainment systems, and plenty of storage add to the overall onboard experience.
Cons
Fuel Consumption: Due to its powerful engines and performance focus, fuel efficiency may be lower compared to more economy-oriented cruisers.
Maintenance Costs: High-performance components and sophisticated systems can lead to higher maintenance and repair expenses.
Maneuverability in Tight Spaces: While excellent at speed, the boat’s size and design might make docking or maneuvering in tight marinas more challenging for less experienced operators.
Limited Headroom: Although spacious, the cabin headroom may feel slightly restricted for taller individuals.
Made For
The 2002 Formula 37 Performance Cruiser is designed for boating enthusiasts who seek a perfect blend of high-performance speed and luxurious comfort. Ideal for those who enjoy both thrilling rides and stylish cruising, this boat caters to individuals and families looking for a versatile vessel that performs exceptionally well on the water while providing ample space and upscale amenities for relaxation and entertaining. Whether you're a weekend adventurer or someone who appreciates refined craftsmanship and sporty handling, the Formula 37 Performance Cruiser offers an excellent balance to meet your boating lifestyle needs.
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 2002 Formula 37 Performance Cruiser | |||||
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| $89,900 | $99,500 | $75,000 | $106,500 | $123,000 | $129,000 |
| Fort Washington | Chesapeake City | Queenstown | North East | Edgewater | Annapolis |
| 37' | 34' | 33' | 34' | 43' | 37' |
| 3' | - | - | - | - | - |
| MerCruiser | Volvo Penta | MerCruiser | Mercruiser | Yanmar | Volvo |
| - | 370 hp | 320 hp | 370 hp | 440 hp | 375 hp |
| 600 | 453 | 425 | 917 | 495 | 13 |
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Contact National Yacht Sales about 2002 Formula 37 Performance Cruiser
300 North Federal Hwy, Dania Beach, FL, 33004
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