2003 Formula 40 Performance Cruiser Boat in Frankfort, MI US

$149,900

Used
builtBuilt in 2003
Year the boat was built
model

40 Performance Cruiser

Boat model
engine

1 Engine (Mercriser)

Engine type and count
length

40 feet

Overall boat length
fuel

Gas

Fuel type
material

Fiberglass/Reinforced

Hull material
Nominal Length
40ft
Hull Material
fiberglass
Engine 1
Engine Make
Mercriser
Engine Model
8.1 HO
Engine Type
inboard
Fuel Type
gasoline
Drive Type
direct
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
7/23/26Initial price$149,900

Contact Bay Harbor

801 Front Street suit B, Bay Harbor, MI, 49770

Formula 40 Performance Cruiser: BoatTEST Review

Reviewed by Jeff Hammond

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.

Rating: 4.3 out of 5

Overview from around the web 2003 Formula 40 Performance Cruiser

The 2003 Formula 40 Performance Cruiser has garnered positive feedback from customers, who often highlight its impressive combination of performance and luxury

Owners appreciate the powerful engines that provide exhilarating speed and smooth handling, making it an ideal choice for both thrilling day trips and relaxed weekend getaways. Many testimonials emphasize the spacious and well-designed interior, which offers comfortable accommodations for both family and friends. The thoughtfully arranged layout includes a fully equipped galley, stylish dining area, and plush sleeping quarters, all adorned with high-quality finishes. Customers often note the attention to detail and craftsmanship that Formula is known for, enhancing the overall boating experience. The Formula 40 is also praised for its innovative features, including a sleek profile, ample storage, and inviting outdoor spaces for entertaining or lounging. The cockpit layout facilitates easy access to controls and promotes a social atmosphere on deck. In summary, owners of the 2003 Formula 40 Performance Cruiser frequently commend its blend of performance, luxury, and thoughtful design, making it a highly regarded choice in the world of performance cruising.

The Biggest Pros and Cons

Pros

Performance-Oriented Design: The Formula 40 is built for speed and agility on the water, making it ideal for enthusiasts seeking thrilling rides.

Spacious Interior: With a well-designed cabin layout, it offers ample space for entertaining and relaxing, accommodating friends and family comfortably.

Quality Craftsmanship: Formula is known for its superior build quality and attention to detail, ensuring durability and longevity in their vessels.

Luxurious Amenities: The interior features high-end finishes, a full galley, and a private head, providing a luxurious experience on board.

Versatile Use: Whether for day cruising or weekend getaways, the Formula 40 can handle various boating activities, catering to both leisure and adventure.

Strong Engine Options: Equipped with powerful engine choices, it delivers strong performance and reliable handling in various conditions.

Good Resale Value: Formula boats are often regarded for their resale value, making them a smart investment in the long run.

Cons

Fuel Consumption: Performance comes at a cost; the powerful engines can lead to higher fuel consumption compared to other cruisers.

Maintenance Requirements: As a high-performance vessel, the Formula 40 may require regular maintenance and care to keep it in optimal condition.

Not Ideal for Shallow Waters: The deep hull design may limit access to shallow areas, making it less suitable for certain types of boating environments.

Price Point: The initial investment can be higher than some competitors, which may deter budget-conscious buyers.

Limited Storage: Although spacious, some users may find storage options to be somewhat limited, especially for longer excursions.

Handling in Rough Waters: While it performs well in calm conditions, the ride may not be as smooth in choppy waters compared to other cruiser types.

Made For

The 2003 Formula 40 Performance Cruiser is designed for boating enthusiasts who seek an exhilarating blend of speed, style, and comfort on the water. Ideal for both seasoned mariners and those looking to elevate their recreational experience, this cruiser caters to individuals and families who appreciate performance without sacrificing luxury. With its sleek lines and powerful twin-engine setup, the Formula 40 is perfect for thrill-seekers who enjoy spirited outings, whether it’s cruising along the coastline or engaging in water sports. Spacious seating and a well-appointed cabin make it equally suitable for entertaining guests or enjoying a weekend getaway, making it an excellent choice for social gatherings or quiet retreats. Adventure seekers will appreciate the stability and handling, while those who prioritize relaxation will find the comfortable accommodations and amenities perfect for unwinding after a day on the water. The 2003 Formula 40 Performance Cruiser truly embodies a versatile vessel that meets the diverse needs of modern boaters.

Finance your dream boat!

Use our boat payment calculator to estimate monthly payments for 2003 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 Express 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$ 127,415
Total Payment$227,813.29
Monthly payment
$949.22/mo

Finance your dream boat!

Use our boat payment calculator to estimate monthly payments for 2003 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 Express 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$ 127,415
Total Payment$227,813.29
Monthly payment
$949.22/mo

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LocationFrankfortCharlevoixNew BaltimoreHarrison TownshipGrand HavenMuskegon
Nominal Length40'43'40'37'34'41'
Engine MakeMercriser-MerCruiserMerCruiserMerCruiserCummins
Total Engine Power--420 hp470 hp375 hp450 hp
Days on Market2458161838245
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801 Front Street suit B
Bay Harbor, MI 49770

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