2003 Formula 40 Performance Cruiser

$119,500

Used

Boat in San Diego, CA 92106 US

builtBuilt in 2003
Year the boat was built
model

40 Performance Cruiser

Boat model
engine

2 Engines (2x Yanmar)

Engine type and count
length

40 feet

Overall boat length
fuel

Diesel

Fuel type
material

Fiberglass/Reinforced

Hull material
Nominal Length
40ft
Length Overall
42.58ft
Length on Deck
40.83ft
Beam
12.67ft
Max Draft
2.92ft
Drive Up Draft
2.92ft
Cabin Headroom
6.75ft
Displacement
22750lb
Cruising Speed
21kn
Max Speed
25kn
Fresh Water Tanks
55gal
Fuel Tanks
250gal
Holding Tanks
57gal
Hull Material
fiberglass
Engine 1
Engine Make
Yanmar
Engine Model
67Y2A-STP
Total Power
440hp
Engine Hours
1330
Engine Type
inboard
Fuel Type
diesel
Engine Year
2003
Drive Type
v
Propeller Type
4-blade
Propeller Material
bronze
Engine 2
Engine Make
Yanmar
Engine Model
67Y2A-STP
Total Power
440hp
Engine Hours
1330
Engine Type
inboard
Fuel Type
diesel
Engine Year
2003
Drive Type
v
Propeller Type
4-blade
Propeller Material
bronze
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.

Accommodations

Enter from swim platform on port side into an extremely accommodating cockpit with storage, an icemaker and double settee to port, while to starboard there is a U-shaped dinette. Forward of the dinette is a  helm station which features a dual helm seat and all engine and nav displays.

Entering the salon on the port side down three steps, one finds a spacious area featuring an enclosed head with shower and an in-line galley to port and a large curved sofa/dinette which converts to a double berth to starboard.

The master stateroom is forward with a full-size island berth and hanging lockers both port and starboard.

Aft of the salon is a mid-cabin which provides a second conversational seating area which converts to a double berth.

Galley

Nova Kool 12V refrigeration

2-burner Kenyon electric stove

Nespresso coffee maker

U-Line icemaker in cockpit

Pressure fresh water system

Water heater – approximately 10-gal

Water tank tender

Electronics and Navigation

Raymarine ST60 speed and distance logs

Raymarine ST60 depth sounder

Raymarine Axiom fishfinder 

Raymarine ST600 autopilot

Ritchie compass

Raymarine Axiom GPS

Garmin GPS72 hand-held GPS

Raymarine Axiom chart plotter (2024)

Raymarine radar

Standard Horizon VHF radio

Rudder angle indicator

Fusion MS-NRX300 with (2) JL Audio speakers on radar arch

(6) speakers in cockpit and (2) in salon

ACR Point Pad URP-102 search light control

Electrical

12V DC and 110V AC

(2) engine start batteries

(1) generator start battery

(1) windlass battery

All four batteries replaced November 2025

Battery parallel switch 

Battery monitor

ProNautic 1240P battery charger

3.6kW Westerbeke generator

Deck

25# Bruce anchor with chain

Lewmar electric windlass

Foredeck cover, dodger cover, cockpit cover, hatch covers, cockpit seat covers

Sundeck pads on foredeck

Anchor and steaming lights

Deck light

Running lights

Search light

Bow pulpit and rails

Boarding gates

Dock lines and fenders

Swim ladder

Swim platform

BBQ

Hot and cold shower at swim platform 

Hull

Actual LOA: 42’7”

Engine and Mechanical

Fresh water cooled engines

4-blade bronze propellers

Bilge blower

Engine alarm

Fuel filters

Trim tabs with degree indicators

Engine fuel shut-off valve

Cockpit engine controls

Thermal and acoustic engine area insulation

Automatic CO2 engine fire extinguishing

(1) manual and (2) electric bilge pumps (replaced 2026)

Hydraulic wheel steering

VacuFlush head

57-gal plastic holding tank

Marine Air air conditioning

Complete cooling system service (heat exchangers, oil coolers and after coolers) performed in November 2025

Safety

(4) life jackets

(2) fire extinguishers

Exclusions

All seller’s personal effects on board are excluded from the sale of this vessel.

Price History

DateEventPrice
3/28/26Initial price$119,500

Overview from around the web 2003 Formula 40 Performance Cruiser

Customers praise the 2003 Formula 40 Performance Cruiser for its impressive blend of speed and comfort

Many highlight its powerful twin engines that deliver exhilarating performance on the water, making it ideal for both cruising and sporty outings. The spacious and well-designed cockpit, along with a luxurious interior, offers ample room for relaxation and entertaining guests. Owners also appreciate the boat’s solid build quality and reliable handling, which contribute to a confident and enjoyable boating experience. Overall, the Formula 40 Performance Cruiser is celebrated for combining high performance with upscale amenities, appealing to those seeking both excitement and comfort in a cruiser.

The Biggest Pros and Cons

The 2003 Formula 40 Performance Cruiser offers a blend of sporty performance and comfortable cruising, making it a popular choice for 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.

Sleek Design: Its aerodynamic and stylish design not only looks great but also enhances handling and fuel efficiency.

Spacious Interior: The cabin provides ample space with comfortable seating, making it suitable for day trips and overnight stays.

Quality Construction: Built with high-quality materials and craftsmanship, ensuring durability and reliability.

Versatile Layout: The boat’s layout accommodates both entertaining guests and relaxing, with features like a well-equipped galley and comfortable sleeping quarters.

Cons

Fuel Consumption: Due to its powerful engines, the Formula 40 can have higher fuel consumption compared to more economy-focused cruisers.

Maintenance Costs: Performance-oriented boats may require more frequent and potentially costly maintenance to keep them in peak condition.

Limited Storage: While comfortable, storage space might be somewhat limited for extended trips or large groups.

Handling in Rough Waters: Although designed for performance, the boat may feel less stable in very rough sea conditions compared to larger cruisers.

Made For

The 2003 Formula 40 Performance Cruiser is designed for boating enthusiasts who seek a perfect blend of high-performance speed and luxurious comfort. Ideal for those who want an exhilarating ride without sacrificing style or onboard amenities, this cruiser is suited for individuals or families looking to enjoy both thrilling day trips and relaxing time on the water. Its versatile design appeals to experienced boaters who appreciate precision engineering and a sleek, sporty appearance.

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 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
$1,356.29/mo
$
$
Loan amount$ 119,500
OR
%

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 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
$1,356.29/mo
$
$
Loan amount$ 119,500
OR
%

Contact Yachtfinders Windseakers

2330 Shelter Island Drive, Suite 207, San Diego, CA, 92106

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2330 Shelter Island Drive
Suite 207
San Diego, CA 92106

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