2003 Formula 37 Performance Cruiser

$85,000

Used

Boat in Forked River, NJ 08731 US

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
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 Make
Mercruiser
Engine Model
496 Mag
Total Power
375hp
Engine Hours
480
Engine Type
inboard-outboard
Fuel Type
gasoline
Propeller Type
6-blade
Propeller Material
stainless-steel
Engine 2
Engine Make
Mercruiser
Engine Model
496 Mag
Total Power
375hp
Engine Hours
480
Engine Type
inboard-outboard
Fuel Type
gasoline
Propeller Type
6-blade
Propeller Material
stainless-steel
Cockpit Shower
Electric Winch
Cockpit Cushions
Cockpit Table
Swimming Ladder
Bow Thruster
Electric Bilge Pump
Microwave Oven
Marine Head
Air Conditioning
Heating
Hot Water
Refrigerator
Battery Charger
Depthsounder
Tv Set
Compass
Cd Player
Gps
Cockpit Speakers
Vhf
Flat Screen Tv
Bimini Top
Cockpit Cover
Shore Power Inlet
Generator
Engine Notes

Diesel also available.

Disclaimer

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
7/17/25Initial price$85,000

Contact Cast Off Yacht Sales

Cast Off Yacht Sales, Forked River, NJ, 08731

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 2003 Formula 37 Performance Cruiser

Customers praise the 2003 Formula 37 Performance Cruiser for its perfect blend of power, luxury, and comfort

Many highlight its sleek design and smooth handling, making it ideal for both cruising and entertaining. The spacious cockpit and well-appointed interior receive frequent compliments, providing ample room for family and friends. Owners appreciate the reliable performance of its engines and the quality craftsmanship evident throughout the boat. Overall, the Formula 37 Performance Cruiser from 2003 is celebrated for delivering an exceptional boating experience on the water.

The Biggest Pros and Cons

The 2003 Formula 37 Performance Cruiser is a stylish and powerful boat designed for both performance and comfort. Here are some pros and cons to consider:

Pros

High Performance: Equipped with strong engines, it delivers impressive speed and smooth handling, making it great for cruising and watersports.

Spacious Interior: The cabin offers comfortable accommodations with quality materials, including a well-designed layout for extended trips.

Modern Design: Sleek and sporty exterior styling stands out on the water, combining aesthetics with functionality.

Versatile Layout: Features include a well-appointed cockpit, ample seating, and convenient amenities for entertaining guests.

Durable Construction: Built with quality craftsmanship ensuring reliability and longevity.

Cons

Fuel Consumption: Powerful engines may lead to higher fuel usage compared to more economy-focused cruisers.

Maintenance Costs: As a performance cruiser with advanced features, upkeep and repairs can be more expensive.

Limited Storage: While comfortable, storage space may be somewhat limited for longer voyages or extensive gear.

Size Considerations: At 37 feet, it requires adequate docking space and may not be ideal for smaller marina slips.

Made For

The 2003 Formula 37 Performance Cruiser is designed for boating enthusiasts who seek a perfect blend of luxury, performance, and comfort. Ideal for those who enjoy both high-speed cruising and relaxing days on the water, this model caters to families, couples, and friends looking for a stylish and versatile vessel. Whether you're planning weekend getaways, entertaining guests, or exploring coastal waters, the Formula 37 Performance Cruiser offers ample space, advanced features, and dependable performance to enhance every boating experience.

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 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
$538.25/mo
$
$
%
Principal Loan Amount$ 72,250
Total Payment$129,180.32

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 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
$538.25/mo
$
$
%
Principal Loan Amount$ 72,250
Total Payment$129,180.32

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Address

Cast Off Yacht Sales
Forked River, NJ 08731

Boat Location

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