2005 Formula 37 Performance Cruiser

$124,900

Used

Boat in Staten Island, NY 10306 US

builtBuilt in 2005
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
8.1 HO
Total Power
420hp
Engine Hours
600
Engine Type
inboard
Fuel Type
gasoline
Engine 2
Engine Make
Mercruiser
Engine Model
8.1 HO
Total Power
420hp
Engine Hours
600
Engine Type
inboard
Fuel Type
gasoline
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
3/2/26Price decreased$124,900(-3.2%)
7/12/25Initial price$129,000

Videos from Knot 10 Yacht Sales on this 2005 Formula 37 Performance Cruiser

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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 2005 Formula 37 Performance Cruiser

Customers praise the 2005 Formula 37 Performance Cruiser for its impressive blend of speed, comfort, and stylish design

Many highlight the boat’s powerful performance and smooth handling, making it a favorite for both leisurely cruises and more adventurous outings. The spacious and well-appointed interior receives positive remarks for providing ample comfort and luxury, ideal for extended trips. Overall, owners appreciate the quality craftsmanship and reliable engineering that make the Formula 37 a standout choice in its class.

The Biggest Pros and Cons

The 2005 Formula 37 Performance Cruiser offers a blend of speed, comfort, and style that appeals to boating enthusiasts seeking both performance and luxury. Here are some pros and cons to consider:

Pros

Powerful Performance: Equipped with robust engines, the Formula 37 delivers impressive speed and smooth handling, making it ideal for both cruising and watersports.

Spacious Layout: The design maximizes interior and deck space, providing comfortable seating areas and ample room for entertaining guests.

Quality Build: Known for solid construction and high-quality materials, this model offers durability and a premium feel.

Luxurious Amenities: Features such as a well-appointed cabin, modern galley, and upgraded entertainment systems enhance onboard comfort.

Sleek Design: The sporty and stylish exterior turns heads and stands out in any marina.

Cons

Fuel Consumption: With powerful engines, fuel efficiency may be lower compared to smaller or less performance-focused boats.

Maintenance Costs: High-performance and luxury features can lead to increased maintenance and upkeep expenses.

Limited Cabin Headroom: While comfortable, the cabin space may feel somewhat constrained for taller individuals during extended stays.

Handling in Rough Waters: Though generally stable, the boat's performance can be affected in very choppy conditions due to its design focus on speed.

Made For

The 2005 Formula 37 Performance Cruiser is designed for boating enthusiasts who seek a perfect blend of high performance and luxury. Ideal for those who want a stylish and spacious cruiser capable of delivering exhilarating speed on the water, it suits individuals and families looking for comfortable accommodations, advanced features, and superior handling for day trips or weekend cruises. Whether you enjoy entertaining guests or exploring coastal waters, this boat offers the versatility and quality to meet your boating lifestyle needs.

Finance your dream boat!

Use our boat payment calculator to estimate monthly payments for 2005 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
$790.91/mo
$
$
%
Principal Loan Amount$ 106,165
Total Payment$189,819.08

Finance your dream boat!

Use our boat payment calculator to estimate monthly payments for 2005 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
$790.91/mo
$
$
%
Principal Loan Amount$ 106,165
Total Payment$189,819.08

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