2003 Formula 370 Super Sport Boat in Charlevoix, MI 49720 US

$104,900

Used
builtBuilt in 2003
Year the boat was built
model

370 Super Sport

Boat model
engine

1 Engine (--)

Engine type and count
length

37 feet

Overall boat length
fuel

Gas

Fuel type
material

Other

Hull material
Nominal Length
37ft
Hull Material
other
Engine 1
Fuel Type
gasoline

Price History

DateEventPrice
9/30/26Initial price$104,900

Contact Dry Harbour Marine

6357 US 31 South, Charlevoix, MI, 49720

Formula 370 Super Sport: BoatTEST Review

Reviewed by Jeff Hammond

Overview

The Formula 370SS is a premium performance cruiser measuring 38 feet 6 inches in length overall, with a beam of 10 feet 9 inches and a draft of 3 feet. Designed for versatility, it suits weekend outings, entertaining, or longer cruises. This particular model is uniquely powered by twin Ilmor 7.4 liter 483 horsepower engines integrated into the OneDrive stern drive propulsion system, blending Formula's offshore racing heritage with Ilmor's high-performance racing engine expertise.

Power and Performance

The 370SS features a 21-degree deadrise at the transom and a two-step hull design, balancing a deep-V ride with efficient planing. The Ilmor MV8 7.4 liter engines produce peak torque at 4,400 rpm, filling a power gap between 430 and 520 horsepower. During testing, the boat achieved a top speed of 53.7 miles per hour at 5,364 rpm. Cruising at 3,500 rpm yielded 31.9 miles per hour with a fuel burn of 32.7 gallons per hour, equating to one mile per gallon and a range of 191 statute miles with a 10% fuel reserve. The boat demonstrated a smooth and stable ride with minimal bow rise and consistent running attitude, handling wakes and sharp turns predictably without slipping. The Ilmor OneDrive stern drive unit, originally engineered for diesel applications, features robust gears, shafts, and hydraulic transmission housed in a larger casing for durability and quieter operation. The system carries a five-year, 500-hour factory-backed warranty, reflecting its reliability and performance.

Engine and Mechanical Features

Ilmor engines are hand-built with forged steel crankshafts, rods, and pistons, based on a cast GM 454 block but extensively engineered for durability and power. The engines utilize multiple closed cooling systems with glycol-based coolant and heat exchangers to maintain optimal temperatures and reduce corrosion. Maintenance is simplified with service points and oil filters positioned for easy access, and oil change intervals set at 75 hours for the engine and 150 hours for the stern drive unit. The OneDrive's hydraulic clutch and electromagnetic relays provide smooth operation, and the system’s design allows Formula’s paint finish to extend seamlessly onto the upper unit.

Exterior Design and Deck Features

The 370SS presents a striking profile with John Adams-designed lines and a painted hull. The stern area includes shore power, cable TV, telephone, and water hookups, along with a freshwater shower for convenience. The aft-facing transom seat converts into a large sun pad with storage lockers beneath for cockpit tables, cushions, and fenders. The cockpit features a Corian-topped console with storage, a trash can, and a cold water wet bar sink with fold-down faucet, all neatly concealed under lids. A 2.3 cubic foot Isotherm drawer-style refrigerator is integrated into a curved front cabinet. The U-shaped cockpit lounge includes a dual-height, two-piece Corian table that converts into a sun pad with filler cushions. Helm seating is comfortable and versatile, with separate fold-up seats and integrated air conditioning vents. Access to the foredeck is provided by sturdy centerline steps with grab handles, leading to a bow hatch housing a Lumar electric windlass and a polished stainless Bruce anchor with 150 feet of chain stowed in a molded tub.

Helm and Electronics

The helm is ergonomically designed with white-faced analog Ilmor gauges, including dual fuel gauges flanking a compass, a central speedometer, and tachometers below. A 12-inch Raymarine Axiom Pro display is mounted to port, while the Ilmor Merlin digital dashboard on starboard offers a programmable touchscreen interface with diagnostic capabilities and detailed joystick functionality readouts. Controls for the joystick, Bennett trim tabs, and engine throttles are conveniently positioned to starboard, alongside rocker switches for lighting and electrical systems. Communication and entertainment systems, including stereo, VHF radio, and 12-volt receptacles, are integrated into the lower helm panel.

Interior Living Spaces

Below deck, the forward cabin features a wraparound settee that converts into a berth with a dual-height, three-piece gloss finish table, creating a comfortable dining or lounging area. The flat-screen television with Blu-ray player is easily visible and mounted on the electrical panel door. The compact galley is well-appointed with ample cabinetry, a microwave, a Kenyon Seagull burner cooktop, an under-mounted stainless steel sink with a stylish faucet, and Corian countertops. Dedicated glass storage is illuminated with blue LED lighting, and soft-close drawers with dovetail joinery enhance functionality. Additional amenities include a cedar-lined hanging locker with stereo controls, a galley refrigerator, and a central vacuum system with hose storage.

Private Accommodations and Head

The wet head serves as a stand-up shower and includes an electric flush toilet, stainless steel sink with modern fixtures, an opening port light, and storage both in the vanity and a mirrored overhead cabinet. The aft cabin, located behind the companionway stairs, offers a queen-size berth with crawl-in height, storage cubbies at the foot of the berth, and a flat-screen television, providing a private and comfortable sleeping area.

Conclusion

The Formula 370SS exemplifies high-quality craftsmanship and thoughtful design, delivering the performance and handling expected from the Formula brand. The integration of twin 483 horsepower Ilmor 7.4 liter engines with the OneDrive stern drive system enhances the boat’s capabilities, providing robust power, reliability, and ease of maintenance. With its versatile layout, premium finishes, and comprehensive features both above and below deck, the 370SS stands out as a well-executed cruiser suitable for a range of boating activities.

Rating: 4.5 out of 5

Overview from around the web 2003 Formula 370 Super Sport

Customers have expressed high praise for the 2003 Formula 370 Super Sport, highlighting its impressive blend of performance, comfort, and style

Many boaters appreciate the powerful twin-engine setup, which delivers exhilarating speed and excellent handling on the water. The smooth ride and agility of the Formula 370 make it a favorite among those seeking adventure and excitement. Owners also commend the spacious and well-designed cockpit area, perfect for entertaining guests or simply enjoying a day on the water. The luxurious interior boasts comfortable seating and a well-equipped galley, making it ideal for weekend getaways or longer excursions. The quality of craftsmanship is frequently mentioned, with users noting the durable materials and attention to detail that Formula is known for. Additionally, the sleek and sporty exterior design catches the eye, giving it a timeless appeal. Overall, the 2003 Formula 370 Super Sport is celebrated for its exceptional combination of performance, luxury, and reliability, making it a cherished choice for both seasoned boater and newcomers alike.

The Biggest Pros and Cons

2003 Formula 370 Super Sport: Pros and Cons

Pros

Performance: The Formula 370 Super Sport is known for its powerful twin-engine setup, offering impressive speed and responsiveness on the water. It’s designed for thrill-seekers who appreciate high-performance boating.

Luxurious Interior: The cabin boasts high-quality materials and finishes, creating a comfortable and stylish living space. It features a well-appointed galley, spacious seating, and a cozy V-berth, perfect for weekend getaways.

Innovative Design: With its sleek, aerodynamic lines and a distinctive profile, the Formula 370 stands out in any marina. Its design is not only aesthetically pleasing but also enhances performance and handling.

Versatile Usage: This model is versatile enough for both leisure cruising and entertaining, making it a great choice for social gatherings, family outings, or solitary escapes.

Excellent Handling: Owners often praise the 370 Super Sport for its stable and smooth ride, even in choppy waters, ensuring a comfortable experience for all on board.

Cons

Fuel Consumption: As a high-performance vessel, the 370 Super Sport can be thirsty, especially when pushed to its limits. Owners should be prepared for higher fuel costs, particularly on longer trips.

Maintenance Costs: While high-quality materials enhance luxury, they can also lead to increased maintenance and repair costs. Regular upkeep is essential to maintain the boat's performance and aesthetic appeal.

Storage Space: While the interior is well-designed for comfort, some users may find storage space limited, particularly when carrying larger gear for extended trips.

Draft: The boat’s deeper draft can limit access to shallower waters or specific marinas, which may be a consideration for those wanting to explore a wider variety of locations.

Price Point: The Formula 370 Super Sport is generally positioned at a higher price point compared to similar boats, making it a significant investment. Potential owners should weigh the costs against their intended use and budget.

Made For

The 2003 Formula 370 Super Sport is designed for the discerning boater who seeks a perfect blend of performance, luxury, and style. This model caters to both thrill-seekers and those looking for a relaxing day on the water. Ideal for: 1. Performance Enthusiasts: Equipped with powerful twin engines, the 370 Super Sport offers an exhilarating ride with impressive speed and handling, making it perfect for those who love to feel the rush of the open water. 2. Luxury Seekers: With its elegant design and premium finishes, the interior of the 370 Super Sport provides a sophisticated environment for entertaining guests or enjoying quality time with family. 3. Weekend Cruisers: Ample seating and convenient amenities make this boat perfect for weekend adventures, whether it’s day trips to your favorite anchorage or sunset cruises on the water. 4. Entertainers: The spacious cockpit layout and wet bar area create an inviting space for social gatherings. With plenty of room to move around, it’s the ideal boat for hosting friends and family. 5. Adventurous Souls: With enough storage for water sports equipment and fishing gear, this boat caters to those who enjoy a variety of aquatic activities. Overall, the 2003 Formula 370 Super Sport is for anyone who values performance, comfort, and an unmistakable presence on the water, making it a standout choice in the world of luxury performance cruisers.

Finance your dream boat!

Use our boat payment calculator to estimate monthly payments for 2003 Formula 370 Super Sport. 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.
$
$
510152025
%
Principal Loan Amount$89,165
Total Payment$159,423.71
Monthly payment
$664.27/mo

Finance your dream boat!

Use our boat payment calculator to estimate monthly payments for 2003 Formula 370 Super Sport. 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.
$
$
510152025
%
Principal Loan Amount$89,165
Total Payment$159,423.71
Monthly payment
$664.27/mo

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6357 US 31 South
Charlevoix, MI 49720

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