353 Formula Fastech
 

I'm at the new York boat show, and there's a 2012 353 formula fastech here with twin 525s for $270,000. How good of a price is that? How much do you think I could get him down?

fixx
 

270k :eek: how about 120k off that sticker:drink:

That's about 10% more than the 2009 I priced. Same motors. Lots of extras.

How bout with 8.2s for 169? Think they'll take 100? :lolhit:

MSRP on that boat with 525's (no boxes), base paint and NO options is $401,570. I'm thinking that $270,000 represents a hefty discount on a boat that's likely to be heavily optioned for a boat show. Try $250k and see what they say. Are you dealing with Mike Ranguso?

OMG!!! Dude, you can get a WHOLE lot of boat for even 200K. It might not be brand new, but search the classifieds before spending that kind of jack on a 353 Formula.

Could be a 353 Fastech Sport, with engine upgrades at show special price.

For 200K you can get a new 29' OL..:lolhit:

Even with a $400k MSRP, understanding the troubles of Forumla and its dealer base, and that most likely Formula owns the boats in the NYC Show, that boat could sell around $225k. If there is a local dealer and the boat is owned by the dealer then I'd say they will want a little more.

Ask them to put it in the water and start it, then offer 170 because thats what its going to be worth after the first time you put it in the water and start it.

At least Formula's "troubles" are far less than those of, say - Fountain, Baja, Donzi, Powerplay, Powerquest and a few others! :)

Well, unfortunately the wife didn't approve so no new beautiful boat for me. I could've stayed on that boat the whole show though.

Compromise. Buy her the 400SS.

Compromise? Get real. Buy her an E63 cabrio or SL65 and get what you want.

Agreed.

Formula is a great boat!

So $101,000 more for the upgraded 525 package? Something doesn't make sense. And $270,000 for a boat that will maybe do high 80's is crazy talk.

Low 80's and that price leaves me speeechless!

You are absolutely correct on that one!

A sweet ride no doubt. I checked it out last night. seems like a good deal, but I'm not well versed enough to really give you a qualified answer.

Yes overall formula is doing better BUT only because of its cruiser side of the business. The fas tech line is just as bad as any other production boat. Plus they are way over priced in todays economy. Especially when you can get way more for your money in a larger faster used boat. Un fortunately the fas tech line is outdated....and I bet money formula continues not to update it.

I'm just curious... in what way(s) do YOU feel that the FasTech line of boats are "outdated"??? (!)

:food-smiley-007:

Its a nice boat....just saw it at the show.

http://img829.imageshack.us/img829/6...5512681176.jpg

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Is the grab handle on the exhaust extra $$?

No need for popcorn....you know what I said was true (in the new market)

In the used market Formula boats are sweet! Especially if the owner selling it is not crazy upside down due to formula financing.

No hard feelings just helping the original poster realize the options out there:-)

Unless your willing to prove any part of my statement wrong I would rather not ruin this thread.

1. Lack of staggered power
2. Paint schemes need updating (maybe some outside vendors)
3. Windshields- They need to offer the race fairing instead

Formula builds a nice boat but no one is going to pay big money for a slow boat that looks like it is 10 years old.

No FASTech in Houston
 

Just got back from the Houston boat show. No FASTechs brought to the show, dealer said they were not the right fit for the show, ie. they were not selling any, so did not bring any. I was bummed, I went just to see the go fasts'.

I concur on the pricing, but the new FX5 is one sweet ride. By far the best looking and most efficient multi-purpose boat I've seen. They didn't have any FastTechs at the Annapolis Boat show either.

The grab handle is from the top of the swim ladder door, and has been removed for the show so no one trips over it.

Staggered engines, race fairings and graphics are personal choices, not mandatory technology.

Comparing a new boat (with full warranties) to ANY used boat is apples-and-oranges.

This boat is clearly highly-optioned, with Platinum graphics, GPS and (no doubt) other options. Based on what I can see from the photos, MSRP is $436,295 or more.

Compare the $270,000 to a new 35 Nor-Tech, OuterLimits, Cigarette, Sonic, or ???? with the same power and options, and then we have a legitimate comparison.

Yes Formula's cruiser/SS lines kept the company afloat, but that doesn't change the status of "the other guys".

Almost. MRSP difference for the 525's vs 8.2's is $80,430.

I really like how the orange / black stripe runs from the sunpad, carpet, and foredeck.

I have to say that I have never seen that effect.

Every performance builder out there has realized that staggered engines are the way to go (Formula and Active Thunder are the exceptions).

Comparing what 270K gets you is not apples and oranges but rather what do you get. Shogren has a 90 hour 2008 TG for 199K and Pier 57 has an '11 TG with similar hours for 259K. That difference in price can buy a whole lot of parts (to make up for the lack of warranty).

Not sure you can lump Formula in with builders like Cig, OL and NT......that would be apples vs. oranges. Formula doesn't build a single boat that breaks 100 mph, yet the competition does.

Nothing wrong with Formula, they just need to spruce up the Fastech product line to be competitive in today's market. Their line up is identical to the line up they offered 5-7 years ago, nothing has changed but the prices (and they have gone up!). They don't have 50 dealers across the country to order one of each model anymore so they need to build a boat that makes people want to buy. The Ilmor 382 is a step in the right direction for sure.

It is painted on the central companionway door as well. Nice touch.

Look at the 35 Sonic. More head room and more ammenities.

Even with Ilmor Power MSRP is $300k. http://www.sonicusaboats.com/shop/in...series/35.html

Formula makes a nice boat, but they are dated with graphics and outfit, etc.

Sonic Versus Formula, Sonic wins out in several aspects.

IMO sonics look just as dated as fastechs. They continue to use old color combinations, rudimentary dash designs, and the same old box like faring. Just my 0.02.

http://www.yachtworld.com/boats/2011...Mallorca/Spain

Just an example I quickly found. Very dated colors and designs for a 2011. That fastech looks more up to date IMO. Again just my 0.02

http://www.yachtworld.com/core/listi...1108&noOfPic=5

Another example. If that doesn't look dated you need your eyes examined.

Seems to have a nice sized cockpit which is missing in a lot of performance boats and is even worse with staggered motors.

Maybe boat manufacturers would be better off if they came back to Earth with some of their upgrade pricing for starters.
I`m always amazed that an upgraded stereo for example is $7,000... or hull side paint.. (a black stripe) is $12, 0000

You could buy my OL...and have allot more boat for allot less price, and run quicker ;)

It's great to have choices, isn't it? :drink:

All the brands mentioned have their plusses and minuses. Sonic has it's strong points, but I feel that it is not built to the same standards as Formulas. OL, Cig and Nor-Tech are brilliant, but likely to cost far more than the 353.

Maybe a Sunsation 36XRT would a good comparison? With side-by-side 525's and similar options, it comes to $360,468. Add $22,300 for staggered engines. I don't know what sort of discounts you could get on a Sunsation, though.

Personally, I'd scrape up the extra coin for a 382 with Ilmor 725's and Indy drives, but that's another thread... ;)

I wouldn't say the formula is outdated, but I will say that when I compare it to one in the classifieds from 2002 its exactly the same. Then again, what do I know? I'm still in a 98 baja :lolhit:
I will say formula makes a beautiful boat though, I've always liked them