2001 Formula 40 Performance Cruiser

$159,000

Used

Boat in Washington, NC 27889 US

builtBuilt in 2001
Year the boat was built
model

40 Performance Cruiser

Boat model
engine

2 Engines (2x Yanmar)

Engine type and count
length

42.6 feet

Overall boat length
fuel

Diesel

Fuel type
material

Fiberglass/Reinforced

Hull material
Nominal Length
42.58ft
Length Overall
42.58ft
Beam
12.67ft
Cabin Headroom
6.42ft
Dry Weight
22750lb
Cruising Speed
26kn
Max Speed
38kn
Range
240nmi
Cabins
2
Heads
1
Max Passengers
12
Seating Capacity
12
Fresh Water Tanks
55gal
Fuel Tanks
250gal
Holding Tanks
57gal
Hull Material
fiberglass
Hull Shape
deep-vee
Engine 1
Engine Make
Yanmar
Total Power
440hp
Engine Hours
696
Engine Type
inboard
Fuel Type
diesel
Engine Year
2001
Drive Type
direct
Propeller Type
3-blade
Propeller Material
stainless-steel
Engine 2
Engine Make
Yanmar
Total Power
440hp
Engine Hours
700
Engine Type
inboard
Fuel Type
diesel
Engine Year
2001
Drive Type
direct
Propeller Type
3-blade
Propeller Material
stainless-steel
Compass
Shore Power Inlet
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
6/28/25Initial price$159,000

Contact McCotters Marina

179 McCotter's Marina Rd, Washington, NC, 27889

Boattest.com Review

Boat Test Review on BoatTest.com

Overview

The Formula 40 PC exemplifies the qualities that distinguish an upscale yacht from an average one. Designed with functionality and premium craftsmanship in mind, this model offers a blend of innovative features and thoughtful details that enhance both comfort and usability on the water.

Exterior Design and Cockpit

A standout feature of the Formula 40 PC is its versatile stern section, which significantly enhances the boat's functionality. The stern sunpad is equipped with twin backrests that lock into three distinct positions, allowing it to serve as an aft-facing chaise lounge for sunbathing, an aft-facing seat when at anchor, or additional forward-facing seating for the cockpit. The sunpad lifts on gas shocks to reveal storage space containing a remote control for the swim platform, which doubles as a tender or personal watercraft platform. Also stored here are filler cushions for the U-shaped cockpit seating and cocktail tables, all secured in dedicated cutouts. The cockpit seating is upholstered in Nautilex marine vinyl and includes storage compartments beneath. The cockpit area features flush-mounted stainless steel drink holders and a stereo remote control for convenience. Moving forward, the bow is easily accessible via a walk-through windshield, with ample handholds and a solid, non-skid deck that resists flexing, reflecting the build quality typical of premium yachts.

Interior Living Spaces

Inside, the galley is thoughtfully arranged on the port side, featuring a coffee docking station and generous countertop space measuring approximately 29.5 by 30 inches. The galley includes a two-burner electric stove with a safety micro switch that automatically shuts off when the lid is closed, a 5.2 cubic foot refrigerator, and a 1.8 cubic foot freezer. The cabinetry showcases dovetail joinery on all drawers, a hallmark of quality craftsmanship. The main cabin benefits from three port lights that provide natural light and ventilation. Privacy is enhanced by an innovative lighting system with dimmable uplights and adjustable covers that direct light downward, surpassing the typical curtain solutions found on many boats. Additional interior features include cedar-lined lockers behind mirrored hatches and a port-side cabinet containing a privacy safe and dovetailed drawers that retract smoothly when closed.

Private Accommodations

The forward berth offers ample storage with two pull-out drawers beneath the bed, incorporating the same automatic retraction mechanism as other drawers on board. Overhead, a hatch provides natural light, ventilation with a sliding screen, and serves as an emergency escape route. The aft cabins stand out as particularly comfortable spaces, furnished with ultra-leather seating and equipped with a 19-inch LCD television on the port side. These cabins include substantial storage, including dedicated compartments for pedestals that convert the space into additional berths. The cabins provide about five feet of overhead clearance, with a sole extension that allows occupants to stand naturally without head clearance issues.

Conclusion

The Formula 40 PC by Formula demonstrates a clear commitment to upscale design and functionality. From its adaptable stern sunpad and solid deck construction to its well-appointed galley and comfortable private accommodations, this yacht offers a premium boating experience. The attention to detail in storage solutions, lighting, and materials underscores the difference that quality craftsmanship makes in a cruiser of this class.

Overview from around the web 2001 Formula 40 Performance Cruiser

Customers praise the 2001 Formula 40 Performance Cruiser for its sleek design and impressive performance on the water

Many highlight its powerful engines that deliver smooth and fast cruising, making it ideal for both day trips and longer outings. The spacious and well-appointed interior receives positive remarks for comfort and style, with ample seating and quality finishes that enhance the onboard experience. Reviewers also appreciate the boat's handling and stability, noting that it performs well in various sea conditions. Overall, owners commend the Formula 40 for combining luxury, speed, and reliability in a versatile performance cruiser.

The Biggest Pros and Cons

The 2001 Formula 40 Performance Cruiser offers a blend of sporty performance and comfortable cruising, making it a popular choice among boating enthusiasts. Here are some pros and cons to consider:

Pros

Powerful Performance: Equipped with robust engines, the Formula 40 delivers impressive speed and acceleration, ideal for thrill-seekers and water sports.

Sleek Design: Its aerodynamic profile and stylish lines not only enhance aesthetics but also contribute to efficient handling on the water.

Comfortable Interior: The cabin is thoughtfully designed with quality materials, offering ample seating and amenities for enjoyable overnight stays.

Spacious Cockpit: The open cockpit area provides plenty of room for socializing, sunbathing, and relaxing.

Good Handling: Responsive steering and stability make it easy to maneuver, even at higher speeds.

Cons

Fuel Consumption: Due to its performance-oriented engines, fuel efficiency may be lower compared to more economy-focused cruisers.

Limited Storage: While comfortable, storage space can be somewhat limited for extended trips or carrying large amounts of gear.

Maintenance Costs: High-performance components and systems might entail higher maintenance and repair expenses over time.

Ride Comfort in Rough Water: The relatively low profile and sporty hull may result in a firmer ride in choppy conditions compared to heavier cruisers.

Made For

The 2001 Formula 40 Performance Cruiser is designed for boating enthusiasts who seek a perfect blend of high-performance speed and comfortable cruising. It is ideal for those who want a stylish, powerful boat that delivers thrilling on-water experiences while offering spacious accommodations for relaxing and entertaining with family and friends. Whether you're looking for exciting day trips or leisurely weekend getaways, this boat caters to individuals or families who value both performance and luxury on the water.

Finance your dream boat!

Use our boat payment calculator to estimate monthly payments for 2001 Formula 40 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 Motor Yacht 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
$1,006.85/mo
$
$
%
Principal Loan Amount$ 135,150
Total Payment$241,643.18

Finance your dream boat!

Use our boat payment calculator to estimate monthly payments for 2001 Formula 40 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 Motor Yacht 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
$1,006.85/mo
$
$
%
Principal Loan Amount$ 135,150
Total Payment$241,643.18

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Meet the Broker

Address

179 McCotter's Marina Rd
Washington, NC 27889

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