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2003 Formula 37 Performance Cruiser Sold Boat in East Boston, MA 02128 US

$74,900

Used
We will let you know when another 2003 Formula 37 Performance Cruiser is available in East Boston, MA
builtBuilt in 2003
Year the boat was built
model

37 Performance Cruiser

Boat model
engine

2 Engines (2x Mercruiser)

Engine type and count
length

37 feet

Overall boat length
fuel

Gas

Fuel type
material

Fiberglass/Reinforced

Hull material

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The Image of Formula 37 Performance Cruiser 2003 - 02003 Formula 37 Performance Cruiser
Price$74,900$69,999$79,995$83,999$64,900
LocationEast BostonSwanseaDennisQuincyQuincy
Nominal Length37'29'31'33'32'
Draft3'----
Engine MakeMercruiserVolvo PentaMercruiserVolvoMercruiser
Total Engine Power420 hp225 hp190 hp320 hp320 hp
Days on Market8081751563815
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Other Formula 37 Performance Cruiser boats for sale in Massachusetts, United States

Nominal Length
37ft
Length Overall
39ft
Beam
13ft
Max Draft
3.17ft
Drive Up Draft
2.5ft
Cabin Headroom
6.42ft
Deadrise At Transom
18deg
Dry Weight
16500lb
Cruising Speed
26kn
Max Speed
34kn
Heads
1
Fresh Water Tanks
50gal
Fuel Tanks
150gal
Holding Tanks
40gal
Windlass
electric-windlass
Electrical Circuit
12v
Hull Material
fiberglass
Hull Shape
modified-vee
Engine 1
Engine Make
Mercruiser
Engine Model
8.1 HO
Total Power
420hp
Engine Hours
470
Engine Type
inboard
Fuel Type
gasoline
Engine Year
2003
Drive Type
v
Propeller Type
4-blade
Propeller Material
bronze
Engine 2
Engine Make
Mercruiser
Engine Model
8.1 HO
Total Power
420hp
Engine Hours
470
Engine Type
inboard
Fuel Type
gasoline
Engine Year
2003
Drive Type
v
Propeller Type
4-blade
Propeller Material
bronze
Cockpit Shower
Cockpit Cushions
Cockpit Table
Swimming Ladder
Electric Bilge Pump
Microwave Oven
Marine Head
Air Conditioning
Refrigerator
Battery Charger
Depthsounder
Radar
Tv Set
Plotter
Radio
Compass
Cd Player
Gps
Cockpit Speakers
Bimini Top
Shore Power Inlet
Generator
Cockpit and Deck
  • Fiberglass Swimplatform
  • Transom Locker
  •  Cockpit Shower
  • Molded Non skid Deck 
  • Stainless Bow Rail
  • Windlass
  •  Bow Pads 
  • U-Shaped Cockpit Lounge 
  • Cockpit Table Bimini Top, Side Curtains & Aft Curtain with mesh screen  
Mechanical and Electrical
  • Kohler Generator
  • Airconditioning
  • Sea Star Steering
  • Zero Effort Controls 
  • Hot Water Heater
  • Windlass
  • Trim Tabs
  • Battery Charger 
  • Fresh Water Pump
  •  Refrigerator 12 Volt/110
  •  Microwave
Cabin and Sleeping Areas
  • Centerline Queen Berth sleeps 2
  • Mid Cabin Berh sleeps 2
  • Crecent Shaped Sofa Sleeps 2
  • Cherry Wood Cabinetry
  •   Flat Screen TV
  • Galley Flat Screen
  • TV Mid Cabin  
Please Note

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. Measurements, capacities and standard equipment lists, derived from public, published sources or from manufacturer's specification sheet for the given model year, may occasionally contain errors and omissions. Estimated Performance and fuel consumption will vary and be affected by water and weather conditions, altitude, load and condition of boat, engine, and propeller(s). Buyers should instruct their Agents or 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
8/25/25Price increased$74,900(+7.2%)
7/25/25Price decreased$69,900(-12.5%)
6/28/25Initial price$79,900

Contact Norwood Yacht Sales

308 Victory Rd, Suite 5, North Quincy, MA, 02171

Formula 37 Performance Cruiser: BoatTEST Review

Reviewed by Jeff Hammond

Overview

The Formula 37 PC is an upscale weekender designed with a high level of build quality and fit and finish. This model offers a blend of comfort, performance, and thoughtful features, making it well suited for weekend cruising. With a length overall of 38 feet 5 inches, a beam of 12 feet, and a draft of 34 inches, the 37 PC balances spacious accommodations with manageable handling.

Exterior Design and Cockpit Features

The stern boarding area features both a 36-inch fixed platform and a 34-inch extended platform, both surfaced with Plazdeck Teak Finish synthetic material. The extended platform is equipped with a stainless steel grab rail for safety and convenience during swimming or docking. Beverage holders flank each side, and a retractable swim step is centered below. A side-mounted pedestal base for an optional grill is located on the starboard transom, adjacent to an aft-facing seat with a sun pad base, which includes beverage holders and a stereo remote with USB connectivity. Storage is available beneath this seating. Access to the cockpit is through a 16-inch wide walkthrough with a stainless steel framed acrylic gate. A shower is mounted on the port bulkhead. The sun pad area incorporates dual flip seat backs, allowing conversion between aft-facing and forward-facing seating within the U-shaped cockpit lounge, which surrounds two removable pedestal tables. The cockpit seating demonstrates Formula’s attention to detail, featuring weather-resistant materials with a prefixed stain inhibitor, carbon fiber trim, contrast bead welding, double stitching with Tenera element-resistant thread, and custom embroidery. To port, a refreshment center with a Corian countertop includes a recessed sink, a pedestal base for a TV, a dual-voltage refrigerator below the grab rail, a trash receptacle, and the battery switch. Forward of the cockpit, a double-wide lounge with a wraparound seat back offers versatile seating options under a hardtop that stands 6 feet 11 inches above the deck. The hardtop is equipped with speakers, two opening hatches, and LED lighting. Access to the cabin is via a center-mounted sliding door.

Interior Living Spaces

Inside the cabin, the Formula 37 PC provides comfortable accommodations with a gray wash woodgrain finish and 6 feet 8 inches of headroom, creating an open and inviting atmosphere. To starboard, a relaxing sofa can be complemented with a pedestal table for dining or socializing. The galley is efficiently designed with a glass-top cabinet for stemware, a coffee garage below, ample storage, a microwave, and a concealed two-burner stove. The Corian countertop includes a recessed stainless steel sink and a trash receptacle, with a refrigerator and additional storage located beneath. Forward lies the master stateroom, accessed through twin privacy doors, featuring an island berth with storage drawers underneath. A full-length mirror on the port closet door conceals an owner's safe, and a 24-inch TV is mounted on the aft bulkhead. A mid-cabin aft of the master offers flexible use as either a sitting room or a separate cabin with a privacy curtain. The head, located at the companionway to port, includes a separate shower enclosure, a toilet, and a stainless steel sink recessed into a Corian countertop.

Power and Performance

The Formula 37 PC is powered by twin 430 horsepower Mercruiser 8.2 Mag HO ECT engines paired with Bravo 3 outdrives, though the model offers a range of ten engine options from 330 to 430 horsepower. Engine access is facilitated by an electrically actuated hatch controlled from the helm, revealing well-organized engine compartments with all checkpoints located at the front for ease of servicing. A step is provided to aid maintenance, and the center platform conceals the engine start batteries. Additional mechanical features include a 7.5 kW generator with raw water pickup, a hot water heater on the starboard side, house batteries on port, a day hatch in the deck, and two engine flush quick connects on the port bulwarks. Dockside connections include shore power, TV, phone, and city water inlets. The helm is equipped with a recessed compass to reduce glare, dual fuel gauges, a 7-inch SmartCraft display with full functionality, a Lumar chain counter, outdrive trim gauges, and a tri-data display. Controls include rocker switches, VHF horn, stereo controls, a tilt steering wheel, joystick controls for the remote spotlight and Mercury joystick piloting system, trim tab rockers with LED indicators, and Mercury digital throttle and shift controls featuring single-lever operation and engine synchronization. The wraparound windshield is supported by a stainless steel frame with a walkthrough to the bow.

Performance Metrics

During testing with twin 430 horsepower engines, the Formula 37 PC achieved a top speed of 46.5 miles per hour at 4850 RPM. The best economic cruise was recorded at 3500 RPM, corresponding to 30 miles per hour, where the boat consumed 39 gallons of fuel per hour, yielding 0.8 miles per gallon and a range of 147 statute miles while retaining a 10% fuel reserve from the total 212-gallon capacity. The boat reached planing speed in an average of 5.4 seconds with minimal bow rise, accelerated to 20 miles per hour in 10 seconds, and to 30 miles per hour in 19 seconds. Handling characteristics include a 19-degree roll into turns with a subtle slide that mitigates the sensation of being pushed outward, contributing to a balanced and confident ride. The Mercury joystick system greatly enhances low-speed maneuverability, allowing precise docking even in challenging conditions such as wind or current, making the boat accessible for operators upgrading from smaller vessels.

Conclusion

The Formula 37 PC exemplifies what a weekend cruiser should offer, combining a high level of comfort, thoughtful design, and refined fit and finish. Its versatile interior, well-appointed exterior features, and strong performance capabilities make it a compelling choice for those seeking a quality boat for leisure cruising. The advanced joystick piloting system further enhances ease of handling, particularly in docking scenarios, providing confidence for operators of varying experience levels. Overall, the 37 PC reflects Formula’s commitment to craftsmanship and functionality.

Rating: 4.5 out of 5

Overview from around the web 2003 Formula 37 Performance Cruiser

The Formula 37 Performance Cruiser 2003 has garnered positive feedback from owners who appreciate its blend of performance and comfort

Many users highlight its sleek design, showcasing a striking profile that turns heads on the water. The powerful twin engines provide impressive speed and responsiveness, making it a thrilling ride for those who love to cruise. Inside, the spacious cabin receives rave reviews for its thoughtful layout and high-quality finishes. Owners enjoy the well-equipped galley, comfortable sleeping accommodations, and the inviting salon space, perfect for entertaining guests or unwinding after a day on the water. The cockpit is also praised for its ample seating and easy access to the water, creating an ideal setting for relaxing or socializing. In terms of handling, feedback indicates that the Formula 37 is stable and easy to maneuver, even in choppier waters. This reliability adds to the overall enjoyment of the boating experience. Overall, the 2003 Formula 37 Performance Cruiser is appreciated for its excellent craftsmanship, comfort, and performance capabilities, making it a standout choice for those seeking a thrilling yet luxurious boating experience.

The Biggest Pros and Cons

2003 Formula 37 Performance Cruiser: Pros and Cons

Pros

Performance and Handling: The Formula 37 is known for its impressive performance on the water, thanks to its high-quality hull design and powerful engines. The cruiser offers a smooth and exhilarating ride, making it perfect for both casual cruising and spirited outings.

Spacious Layout: With a roomy cockpit and a well-designed interior, the 37 Performance Cruiser provides generous space for entertaining and relaxing. The layout includes comfortable seating, a well-equipped galley, and a cozy salon for socializing.

Quality Construction: Formula is renowned for its attention to detail and solid craftsmanship. The 2003 model features high-quality materials, making it durable and reliable. This commitment to quality ensures that the boat can withstand the rigors of regular use.

Stylish Design: The Formula 37 boasts a sleek, modern design that stands out on the water. Its aesthetics are not only pleasing but also functional, with ample storage solutions and smartly designed features.

Versatile Cabin Space: The interior is designed for versatility, offering a comfortable sleeping area that accommodates several guests. It includes a full head with shower facilities, making it ideal for overnight trips.

Cons

Fuel Consumption: With its performance-oriented engines, the 2003 Formula 37 can be thirsty, especially during high-speed cruising. Potential buyers should consider fuel costs when evaluating long-term ownership.

Maintenance Costs: Like many performance boats, maintenance can be more expensive due to the advanced systems and technology involved. Regular upkeep is crucial to keep the boat in peak condition, which can be a consideration for some owners.

Limited Storage: While the layout is generally practical, some users have noted that storage space can be limited, especially for longer trips. Efficient organization is necessary to maximize the available space.

Draft Limitations: The Formula 37 Performance Cruiser has a deeper draft, which may limit access to shallower anchorages and marinas. This could be a downside for those who prefer to navigate through various water conditions.

Age Factor: Being a 2003 model, some may find that the technology and amenities are not as advanced as newer models. Buyers should assess if the features meet their preferences compared to more contemporary boats.

Made For

The 2003 Formula 37 Performance Cruiser is designed for boating enthusiasts who seek a perfect blend of luxury, performance, and versatility on the water. Ideal for families and groups, this cruiser caters to those who appreciate premium craftsmanship and elegant design while craving adrenaline-fueled adventures. With spacious living areas both inside and out, it accommodates social gatherings and family outings seamlessly, making it perfect for day trips or weekend getaways. The impressive performance characteristics ensure a thrilling ride, appealing to individuals who value both speed and stability. Whether it's cruising along the coastline, entertaining friends, or enjoying time with loved ones, the Formula 37 Performance Cruiser meets the diverse needs of discerning boat owners.

Finance your dream boat!

Use our boat payment calculator to estimate monthly payments for 2003 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 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$ 63,665
Total Payment$113,830.66
Monthly payment
$474.29/mo

Finance your dream boat!

Use our boat payment calculator to estimate monthly payments for 2003 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 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$ 63,665
Total Payment$113,830.66
Monthly payment
$474.29/mo

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Address

308 Victory Rd
Suite 5
North Quincy, MA 02171

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