2002 Formula 37 Performance Cruiser

$94,900

Used

Boat in Riverhead, NY 11901 US

builtBuilt in 2002
Year the boat was built
model

37 Performance Cruiser

Boat model
engine

2 Engines (2x --)

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
Beam
12ft
Max Bridge Clearance
11.58ft
Max Draft
2.5ft
Cabin Headroom
6.58ft
Deadrise At Transom
18deg
Dry Weight
16500lb
Heads
1
Fresh Water Tanks
55gal
Fuel Tanks
236gal
Holding Tanks
57gal
Hull Material
fiberglass
Hull Shape
deep-vee
Engine 1
Engine Type
inboard-outboard
Fuel Type
gasoline
Engine 2
Engine Type
inboard-outboard
Fuel Type
gasoline
Manufacturer Provided Description
The newly re-designed Formula 37 PC measuring in length at 38' 5" with the integrated bow platform stands out among the rest as a luxury icon in today’s boating market. This PC has an elegant cabin and a roomy cockpit, which creates a comfortable ride and boating experience for everyone aboard to enjoy.
Engine Notes
Diesel also available.
Default
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.

Price History

DateEventPrice
6/28/25Initial price$94,900

Contact Knot 10 Yacht Sales

Boat Location Appears Under Price In Listing

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 impressive blend of speed, comfort, and style

Many highlight the boat’s powerful and smooth performance on the water, making it ideal for both cruising and entertaining. The spacious and well-designed cockpit, along with the luxurious interior appointments, receive frequent compliments for providing a comfortable and enjoyable experience for family and guests. Owners also appreciate the high-quality craftsmanship and attention to detail, noting that the boat holds up well over time. Overall, the 2002 Formula 37 Performance Cruiser is celebrated for delivering an exceptional boating experience with a perfect balance of performance and luxury.

The Biggest Pros and Cons

The 2002 Formula 37 Performance Cruiser is a well-regarded sport cruiser known for blending performance and comfort. Here are some key pros and cons to consider:

Pros

Powerful Performance: Equipped with robust engines, this model delivers impressive speed and handling, making it ideal for enthusiasts who enjoy sporty cruising.

Sleek Design: The Formula 37 boasts a stylish, aerodynamic profile that not only looks great but also contributes to its performance on the water.

Spacious Interior: The cabin layout is thoughtfully designed, offering comfortable sleeping accommodations and ample living space for extended trips.

High-Quality Build: Known for solid construction and durable materials, this boat stands up well to regular use and varying conditions.

Well-Equipped Helm: The cockpit features intuitive controls and excellent visibility, enhancing the overall boating experience.

Cons

Fuel Consumption: The powerful engines, while providing great performance, can lead to higher fuel usage compared to more economy-focused cruisers.

Maintenance Costs: As with many performance-oriented boats, upkeep and maintenance may be more intensive and costly.

Limited Storage: While the interior is spacious, storage compartments may be somewhat limited for longer voyages or larger groups.

Ride Comfort in Rough Waters: Although designed for performance, the ride can feel a bit firm in choppy conditions, which might affect comfort for some passengers.

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. It's ideal for those who enjoy spirited cruising, entertaining guests, and spending extended time on the water with family and friends. Whether you're a weekend adventurer or a seasoned mariner, this boat offers the space, style, and power to enhance your on-water experience.

Finance your dream boat!

Use our boat payment calculator to estimate monthly payments for 2002 Formula 37 Performance Cruiser. 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 Power 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.
Monthly payment
$600.94/mo
$
$
%
Principal Loan Amount$ 80,665
Total Payment$144,226.02

Finance your dream boat!

Use our boat payment calculator to estimate monthly payments for 2002 Formula 37 Performance Cruiser. 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 Power 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.
Monthly payment
$600.94/mo
$
$
%
Principal Loan Amount$ 80,665
Total Payment$144,226.02

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