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first big boat on a budget, opinions appreciated

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first big boat on a budget, opinions appreciated

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Old 07-26-2014, 03:03 PM
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If i was interested in this boat i would not post where it is located or it will be gone!!
1st question i have is why no cockpit or caban pic's?
Does it have the convertible top? Bolster seats?
This is the last year of the "flat window" formula in 1987 they went to the rounded winshield.
I had a 272ls trwin 350's flat window and loved it
my 242ss, the cockpit and caban are different on the ss vs. Ls, mine more of camping weekend style more cockpit space.
Ls more of perf look, bottoms are the exact same as is the running gear.
How do i like mine with 454/alpha, well i got a deal on one needing attention, took out for 1 sea trial and tore it apart and still restoring/upgrading it. This summer is "backyard boating" for me. Comming along fine but with the 454/alpha you need to be aware that the drive is the weak link. I am planning on bravo 1 when i can, would also like 450 hp after that.
The twin 260 are the way to go. Yery reliable and you can add reasonable power without much concern.
The 242 is a very large and heavy 24' class boat and will perform better in rough water than most of it's size, imho.
Formula quality has always been respected as one of the best in industry, originally an aranawa (sp?) boat co., good linage.
Ride is sweet and fun as heck in open water. That is a well performing boat. There is a flat window section of the formula forum, might ask there about specifics. My buddy has a 242 single and it was rock solid. Hope this helps you and i wish i would have seen this boat 6 mo's ago.
Good luck in your selection and have fun!!
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Old 07-26-2014, 03:11 PM
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I got some pictures of the 242 with the twins and the seats are pretty stained worn. When I get off Monday I'll go look at a few. As far as getting a survey done once I pick a boat would you guys recommend and how much do they run?
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Old 07-26-2014, 03:18 PM
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Notda 1
with your power i would stay away from your propwash let alone omc and alpha drives!!!!
My 272ls w twin alpha's spent most of it's time flying in the air in florida waters, neve had a drive problem but as with anything you need to get the feel of "feathering" the throttles in rough water and going airborne
i don't have the experience of others here but on your budget (sounds simular to mine) choices of quality performance boats are limited and if you find a hard to find popular quality boat even better when time to move up.
This forum is a tremendious resource for knowlege and quality used upgrades.
Good luck
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Old 07-26-2014, 03:26 PM
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I have a 242 LS with a single 502 and bravo I. It even has bolster seats.
http://saginaw.craigslist.org/boa/4588388220.html
We absolutely love the boat but have decided to go bigger.
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Old 07-26-2014, 03:27 PM
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The Alpha drive with small blocks works well , big blocks are another story . I do like the Formula's for their ride and finish . The 454 Alpha combo was only in production for a year or two if I remember correctly , after that I think they went to the bravo .

Last edited by notda1; 07-26-2014 at 03:30 PM.
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Old 07-27-2014, 07:21 PM
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I think you will find that that is not a 240 sport. Had one for 20 years. That looks like and old 226. The 240 sport was a drop down bolster boat that boat in the picture is a sit down boat. If you can find a nice 240, go for it. If you look at an 87 it will most likely have and alpha drive, so go 88 or later. They are a great solid boat with a lot of freeboard for a 24. I sold mine to a friend and I was driving it today, you would never believe it is 26 years old.

Last edited by jackieboy; 07-27-2014 at 07:34 PM.
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Old 07-27-2014, 07:26 PM
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its definitely a 240 sport lol
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Old 07-27-2014, 08:40 PM
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It's a "later model 240 sport" it has the 21 degree deadrise and molded platform sitdown seats ect. The older model 240 sport (87-89) became the 24 outlaw in 91 I believe. And the 91-96 sport 240 is a rebranded 226 sport closed bow. (The 226 was a 24' boat loa if I remember correctly) two different sport 240s.

If I was in rough water like the Great Lakes id look at the older 88-89 240 sport with bravos. (Mine was a bastard alpha bb combo when I bought it. Now a bravo boat). The formula 242 with twin small blocks would be a fun boat but might be alittle bit of a bear to work on. Regardless keep looking there are deals out there. But make sure the interior is clean and dry as well as a clean engine/bilge. That's a usually a sign that the boats been taken care of and usually isn't too wet. A beat interior usually means it wasn't covered and that's a sign it probably sat out in the elements for an extended period.

I just did stringers, transom, floors ect and I'm still itching. Lol. Good luck with your search

Last edited by mickeymcclgn; 07-27-2014 at 08:41 PM. Reason: Spelling
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Old 07-27-2014, 08:50 PM
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I think the 240 that's up here is just to worn out. There are a lot of formula options within 2 hours of here and a 272 just popped up right across town with the twin 260's, it's in amazing shape but listed at $15kobo. I'm still wondering what kind of precautions I should take buying a bigger older boat. When I decide on one should I have it looked over and if so who would do something like that?
All mid 80's
242ls single 350 $7500 (good/excelent condition)
242ls single 454/a1 $7200 (good condition)
242ls twin 351 (poor/fair condition) $7200
272sr1 twin 351 (excellent) $15k

Last edited by lakeoftheisles; 07-27-2014 at 08:56 PM.
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Old 07-27-2014, 09:01 PM
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Contact your favorite marina and ask to have it checked over or hire a surveyor. It will cost you some money up front but it might just save you a lot of money too. If the seller doesn't like the idea you get to walk away for free!
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