1999 Formula Fastech Boat in Picton, ON CA

$34,930

Used
builtBuilt in 1999
Year the boat was built
model

Fastech

Boat model
engine

--

Engine type and count
length

31 feet

Overall boat length
fuel

--

Fuel type
material

Other

Hull material
Nominal Length
31ft
Length Overall
31ft
Hull Material
other
Summary
1999 Formula Fastech 31

Price History

DateEventPrice
10/14/26Price decreased$34,930(-0.3%)
10/13/26Price increased$35,029(+0.1%)
10/11/26Price decreased$34,979(-0.3%)
10/10/26Price increased$35,079(+0.3%)

Contact Yacht Network

po box 75389 Leslie street po, Toronto, Ontario, M4M1B3

Formula Fastech: BoatTEST Review

Reviewed by Jeff Hammond

Overview

The Formula 353 Fastech represents a notable collaboration between Formula and Ilmor, introducing Ilmor's new 570 horsepower 454 small block crossover engines. This model stands out as one of the most visually striking releases from Formula, featuring the innovative Stiletto graphics package applied with Imron paint rather than decals. The 353 Fastech aims to offer a competitively priced high-performance option within the Formula lineup, leveraging the power and efficiency of these newly developed engines.

Engine and Mechanical Features

Under the engine hatch reside the first two production units of Ilmor's 570 horsepower 454 small block engines, each weighing approximately 830 pounds. These engines fill a performance gap between Ilmor's 522 horsepower V8 and 650 horsepower V10 models. The installation in the 353 Fastech is well-executed, with easily accessible daily maintenance points such as forward-facing air cleaners and visible serpentine belts for inspection. A distinctive feature includes oil filters mounted directly to drip trays, enhancing cleanliness during servicing. Safety and convenience are addressed with a standard automatic discharge fire extinguisher, properly double-clamped hoses, clearly labeled ball valves, and power trim pumps positioned on the forward bulkhead. Electrical systems include a standard 50 amp battery charger, with battery switches and circuit breakers neatly located beneath the aft bench seat.

Exterior and Helm Design

The cockpit layout features McLeod Performance wraparound seats for both captain and passenger, designed for sustained high-speed comfort. These seats electrically lower to function as leaning posts, with adjustable footrests but fixed fore-and-aft positioning. Safety is enhanced by grab handles positioned behind the seats for standing passengers. The helm is finished with a color-matched carbon fiber treatment protected by a plastic overlay. Instrumentation includes an optional Garmin 740S GPS chartplotter, Ilmor's customizable multi-function engine displays, large Levorsi Monster and Redline analog tachometers, a fuel gauge, and a flush-mounted compass. Controls consist of dual chromed shift and throttle levers with integrated out-drive trim, supplemented by separate rocker switches for out-drive and trim tabs. Access to the bow is achieved by stepping over a low-profile windshield leading to a long foredeck and anchor hatch, though no anchor windlass is installed, deemed unnecessary due to weight considerations. Side rails are minimal and primarily aesthetic, while Formula's signature step-tall hull design reduces surface friction to enhance speed.

Performance and Handling

The Formula 353 Fastech measures 35 feet 3 inches in length overall, with a beam of 8 feet 3 inches and a draft of 36 inches. During testing, the boat's displacement was 10,650 pounds, accounting for fuel, water, and two occupants. Equipped with Mercury Racing Maximus 15.25 by 25 five-bladed props and a 1.5 to 1 gear reduction, the twin 570 horsepower Ilmor engines propelled the boat to a top speed of 85.2 miles per hour at 6,000 RPM, consuming 88 gallons of fuel per hour and providing a range of approximately 130 miles. The most efficient cruising speed was found at 3,500 RPM, yielding 46.2 miles per hour with a fuel burn of 27 gallons per hour and an extended range of 229 miles while maintaining a 10% fuel reserve. The boat exhibits a 14-degree bow rise during acceleration, which momentarily reduces forward visibility due to the helm's position relative to the bow. The 353 Fastech requires moderate trim adjustments to optimize performance, with the drives trimmed up to about 7 on the gauge to achieve optimal speed and handling. The hull design favors straight-line speed and stability, rolling 13.5 degrees into turns and demonstrating robust wave penetration thanks to its narrow entry. While capable of aggressive maneuvering, the boat is best handled at moderate speeds for occupant safety.

Conclusion

The Formula 353 Fastech powered by Ilmor's new 570 horsepower 454 small block engines delivers an impressive blend of performance, design, and innovation. The integration of these crossover engines provides a compelling option in the high-performance recreational boating segment, supported by thoughtful engineering and quality craftsmanship. The boat's handling characteristics, combined with its striking aesthetics and practical features, make it a noteworthy addition to Formula's lineup. Overall, the collaboration between Ilmor and Formula has produced a vessel that excels in speed, comfort, and style.

Rating: 4.3 out of 5

Overview from around the web 1999 Formula Fastech

The 1999 Formula Fastech has garnered positive feedback from boat enthusiasts and owners alike, known for its sleek design and impressive performance on the water

Customers frequently highlight the following features: 1. Speed and Performance: Many owners rave about the Fastech’s powerful engines and exceptional handling, making it a thrill to drive. The boat's performance in both calm and rough waters has been praised, affirming its reputation as a high-performance vessel. 2. Design and Aesthetics: The Formula Fastech stands out with its eye-catching, aerodynamic lines and stylish profile. Reviewers appreciate its attractive color schemes and overall attention to detail in the craftsmanship. 3. Comfort and Space: Boaters frequently note the comfortable cockpit and spacious layout, making it ideal for both leisurely day outings and longer trips. The interior amenities, including seating and storage, have also received commendations for enhancing the overall experience. 4. Durability and Build Quality: Customers have expressed satisfaction with the robust construction of the Fastech, citing its ability to withstand the rigors of navigation and daily use, contributing to a sense of reliability. 5. Community and Support: Formula owners often mention the strong community surrounding the brand, providing camaraderie among other enthusiasts and access to helpful resources. Overall, the 1999 Formula Fastech continues to impress boaters with its blend of speed, style, and comfort, making it a sought-after choice for those looking to enjoy exhilarating adventures on the water.

The Biggest Pros and Cons

1999 Formula Fastech - Boat Description The 1999 Formula Fastech is a powerful statement in the world of high-performance boating. Engineered for speed and precision, this sleek vessel is designed to turn heads on the water while delivering an exhilarating ride. - High Performance: The Fastech is renowned for its powerful engine options, ensuring that it can reach impressive speeds and maintains stability during high-performance maneuvers. - Stylish Design: With its aggressive lines and vibrant color schemes, this boat offers a striking appearance that stands out in any marina. - Comfort and Space: Inside, the cockpit is designed for both performance and comfort, featuring spacious seating that accommodates both driver and passengers. - Quality Build: Formula is known for exceptional craftsmanship, and the Fastech 1999 exemplifies this with high-quality materials and construction techniques that enhance durability and longevity.

Pros

Speed and Handling: Exceptional acceleration and agility on the water, making it perfect for thrill-seekers.

Aesthetics: Eye-catching design that pairs performance with beauty, drawing admiration wherever it goes.

Resale Value: Formula boats often retain their value well, thanks to their reputation for quality and performance.

Comfortable Cockpit: Well-designed seating and layout suitable for day cruising or recreational use.

Cons

Maintenance Costs: High-performance engines can entail increased maintenance and operational costs.

Fuel Efficiency: Like many performance boats, the Fastech can consume more fuel, leading to higher operating expenses.

Size Limitations: Its design prioritizes speed and performance, which may limit space for storage and amenities compared to larger cruisers.

Experience Required: While it's a thrilling ride, navigating a high-performance boat effectively may require more experience and skill.

Made For

The 1999 Formula Fastech is perfect for boating enthusiasts and adrenaline junkies looking for a high-performance vessel that combines speed, style, and comfort. This boat is ideal for those who enjoy thrilling day trips on the water, as well as water sports like wakeboarding and tubing. With its sleek design and powerful engine, the Formula Fastech caters to anyone wanting to make a statement on the water, whether you’re cruising with friends or participating in high-speed gatherings. Its spacious seating and well-thought-out layout also appeal to families or groups looking for a fun and exhilarating experience without sacrificing comfort or safety. Experience the blend of performance and luxury that the 1999 Formula Fastech has to offer and enjoy every moment on the waves.

Finance your dream boat!

Use our boat payment calculator to estimate monthly payments for 1999 Formula Fastech. 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 boat 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$29,690
Total Payment$53,084.62
Monthly payment
$221.19/mo

Finance your dream boat!

Use our boat payment calculator to estimate monthly payments for 1999 Formula Fastech. 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 boat 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$29,690
Total Payment$53,084.62
Monthly payment
$221.19/mo

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Days on Market47281309954842
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po box 75389 Leslie street po
Toronto, Ontario M4M1B3

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