2003 Formula 40
$149,500
Boat in Merritt Island, FL 32953 US
Built in 2003
40
--
40 feet
--
Fiberglass/Reinforced
Price History
| Date | Event | Price |
|---|---|---|
| 5/19/26 | Initial price | $149,500 |
Boattest.com Review
Overview
This review focuses on a 45-foot Formula yacht that, despite its size, offers a spacious and efficient engine compartment, largely due to the integration of Volvo's IPS propulsion system. The design improvements associated with the IPS system have allowed Formula to optimize engine space, enhance performance, and improve overall vessel efficiency.
Power and Performance
The yacht is equipped with Volvo IPS 600 engines, a significant upgrade from the previous Volvo D9 V-drive configuration. This propulsion package delivers impressive horsepower and fuel efficiency, contributing to a weight reduction of approximately 1,000 pounds compared to earlier setups. The IPS system enables the yacht to cruise comfortably at 30 miles per hour, with a top speed reaching between 36 and 37 miles per hour. Fuel economy is notably improved, achieving nearly one mile per gallon at cruising speed. Additionally, the joystick control system enhances maneuverability, making docking and close-quarter handling accessible even for less experienced captains.
Engine Compartment and Design Impact
One of the standout design elements is the spaciousness of the engine compartment, which benefits from the compact nature of the IPS pods. This layout provides excellent access for inspection and maintenance, a feature that has been well received by customers. The hull design has been slightly modified to accommodate the IPS pods, replacing the previous propeller pockets used for V-drive systems. The result is a clean, conventional hull form that supports the new propulsion arrangement without compromising aesthetics or functionality.
Future Outlook
Looking ahead, Formula is considering potential advancements in IPS technology, particularly the availability of higher horsepower models that could further enhance performance in this size category. However, the current IPS 600 system represents the pinnacle of horsepower for this type of setup and meets the performance expectations of most owners. The combination of power, efficiency, and ease of handling positions this yacht well for the foreseeable future.
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Boats For Sale in Florida, United States Similar to the 2003 Formula 40
Compare with similar boats and find the perfect one for you.
 2003 Formula 40 | |||||
|---|---|---|---|---|---|
| $149,500 | $149,500 | $150,000 | $145,500 | $164,950 | $129,900 |
| Merritt Island | Merritt Island | Saint Augustine | Cape Coral | Palmetto | Marco Island |
| - | - | 40' | 37' | - | - |
| - | - | Yanmar | Volvo | Volvo Penta | Volvo |
| - | - | - | 370 hp | 370 hp | - |
| 1 | 48 | 120 | 222 | 288 | 434 |
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Meet the Broker
Address
Other Information about Yacht Masters Yacht Brokerage
At Florida Yachtmasters, we believe that every journey on the water should be as exhilarating as the destination. Our commitment extends beyond just transactions; we strive to create memorable experiences for our clients. Whether you are a seasoned sailor or a first-time buyer, our expert team is here to guide you through every wave and tide. With a wealth of knowledge and a passion for boating, we ensure that your yacht buying or selling experience is seamless and enjoyable. Let us help you navigate the waters of yacht ownership with 40+ years of experience.
Boat Location
Contact Yacht Masters Yacht Brokerage about 2003 Formula 40
2700 Harbortown Dr., Merritt Island, FL, 32952
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