1965 Formula 24'

clinton152

Seaman Apprentice
Joined
Nov 21, 2008
Messages
30
Good Morning. Two weeks ago I picked up a new project. This is not my first boat. The first was a handbuilt hydroplane in high school around 1980. My last was a brand new 2004 Sea Ray that has taken two years to recover from. The worst money decision ever. Never a payment on a boat again. After shopping for about 6 months, and driving, and driving, I happened to catch a new posting on C.L. While talking to the man on the phone he pointed out that he was merely selling the boat for a women whose husband had passed. (heard that one before) It took about an hour to get there. This was older,dirty, and not in running condition. Not really what I was looking for.The outdrives were not in place and only one motor was installed. The trailer was heavy duty, but steel. OK That was the bad. One of the conditions was, that if I took the boat, everthing from the shed need to go also. Before taking the cover off the boat we opened the shed door, and yes it was the widow who was there to open and give whatever answers she could. Inside the shed was a small warehouse of boat pieces. Two engine short blocks, one good and one needed machine work. A newly redone head and all the gaskets. New manifold in a box. There was a freshly painted outdrive with a rebuild receipt. Problem was no matter how hard I looked there was only one outdrive to be found. The list would be too long so I can only tell you there were thousands of dollars of stuff for the boat. Everything was there. The hull looked and sounded solid, The transom looked in good condition with no noticeable repairs. And, the style and line of this boat, really caught my eye. Mind you, the asking price was 1200.00. After we took the fitted cover from the boat I was suprised at how clean the interior was. He had done the sides in teak and done a very nice job. The deck was also re-done and just needs some clean up. Clear gauges that looked newer and in working order. Opening the engine cover to reveal a new engine COMPLETLY installed with only the outdrive to connect. You could tell by the oil and the gaskets that this motor had just been completed. My budget from the begining was about 3100.00 and doing some math It seemed to work. The outdrive at 800.00 and the motor at 1000.00 minus. Although I have built many small block v-8's the inline six was concerning, but with the other side so complete there was an example to follow. I pointed out that only one outdrive was there and offered her 600.00. She came back at 900.00 and it was a deal. By the way my wife has been in the truck for an hour now and, you know...The trailer condition was unknown and we set up a pick up for the following weekend. After having brakes locked up in the past I brought a jack up midweek and removed each wheel to verify free movement and grease. This trailer has surge disc drakes on all four new tires. Bearing buddies that were filled but not overfilled and oozing everywhere, very tidy. We had about 20 miles to cover and with my Father behind me off we went. First stoplight... the wave of brake smell consumed me. I hate that smell! Dad said no smoke and we continued. Made it fine. Since that time the engine pieces have been delivered to a builder who has given an estimate of 500.00 to get into running form. The outdrive was identified with the help from this forum, and after a little horse trading, a matching rebuilt unit for 400.00. I have attached some poor pictures of when we backed it into storage and plan on updating if people are curious. The last couple days have been cleaning sanding painting etc, while the main components come together. One thing that has struck me as odd...With all the info out there I cannot find anything regarding my boat. Lots of google time..All the title says is 1965 Formula 24' Cruiser. I dont know if there were several models available that year and if so what make is ours?
 

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GO OVRIT

Seaman
Joined
Jul 2, 2008
Messages
74
Re: 1965 Formula 24'

Try searching for 233 formulas. I'm almost positive that its from the same mold as my 24 Blackfin. Looks like a heck of a deal.
 

oops!

Supreme Mariner
Joined
Oct 18, 2007
Messages
12,932
Re: 1965 Formula 24'

good garage........nice boat....great find !

im suprised td diddnt scoop ya on that one.

are you sure that boat is a 65?

and yes...please post more pics
 

clinton152

Seaman Apprentice
Joined
Nov 21, 2008
Messages
30
Re: 1965 Formula 24'

Is it a 1965? In the ad it was marked as a 1969. When we were doing the title business I noticed the title said 1965. Tomorrow I am pulling it out to work on the trailer and will post some addtional pictures for others to review and give some thoughts. Thanks
 

maxum247

Lieutenant
Joined
Sep 18, 2007
Messages
1,363
Re: 1965 Formula 24'

That's a nice find, I can understand the attraction!
 

clinton152

Seaman Apprentice
Joined
Nov 21, 2008
Messages
30
Re: 1965 Formula 24'

Here are some better pictures from today. It looks a little better after some cleaning. Lots of elbow grease left. One thing I noticed today was three gas tanks and three seperate gauges. The question remains..Does anyone know what boat this is?? The title only says 1965 Formula 24' It actually measures a little over 25'. Thanks.
 

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GO OVRIT

Seaman
Joined
Jul 2, 2008
Messages
74
Re: 1965 Formula 24'

I didn't know they were building them as early as 65, but it sure looks like a 233 to me. I believe it was first, then the Blackfin 24, Rampone, Sea Vee, and maybe the Bluewater and even Conteneder copied from that mold. Check this one out...http://www.thehulltruth.com/forums/...highlight=formula 25&highlightmode=1#M2321779 It doesn't have the lights in the bow like yours and a lot of others, but is still a pretty sweet boat. Post a pic of the stern and the interior.
 

mthieme

Captain
Joined
Oct 6, 2007
Messages
3,270
Re: 1965 Formula 24'

I once had a '69 23'. One of the best boats I ever had...wish I still did.
 

oops!

Supreme Mariner
Joined
Oct 18, 2007
Messages
12,932
Re: 1965 Formula 24'

that is one sweet lookin beast.....now im shocked td didnt scoop ya on the deal......
 

maxum247

Lieutenant
Joined
Sep 18, 2007
Messages
1,363
Re: 1965 Formula 24'

I don't know if this is on track or not but check this out. I would have provided a link to the (Formula boat site) but didn't know how. On internet explorer type in Formula Boats click go, when the page comes up click the Formula Boat site at the top of the list ,then on the right side of the page a POP UP will occur as you move your mouse across that side of the page, click on (history) and read Formula history. Gives some infomatiom on the history of Formula boats over the last fifty years. Hope this helps! max!
 

clinton152

Seaman Apprentice
Joined
Nov 21, 2008
Messages
30
Re: 1965 Formula 24'

Thank you for the Formula link. I had been there before but didnt pay enough attention. Here a a quote from the first ones offered...."We sold the 23 Standard, the 23 Deluxe Short Deck and the 23 Deluxe Long Deck." If I had to guess my boat is a 23 Deluxe Short deck. Most older Formulas have a shorter nose than mine. Any thoughts?
Thanks
 

maxum247

Lieutenant
Joined
Sep 18, 2007
Messages
1,363
Re: 1965 Formula 24'

I don't know the boat or have any futher info on it, but would be proud to own the outboard version. I'm for any boat that looks fast! max!
 

mikesea

Lieutenant Commander
Joined
Oct 1, 2006
Messages
1,830
Re: 1965 Formula 24'

nice find dude,I'm jelous.those formulas are awesome boats.you will certainly make on that find.i have buds in new york,one with a 75 hull that looks identical to yours in color,had a 350 single in it but later went to 454,are your drives the merc 888,the tilt cylinders used to corrode bad on them,i know there are or were some aftermarket stainless tubes avail.enjoy
 

clinton152

Seaman Apprentice
Joined
Nov 21, 2008
Messages
30
Re: 1965 Formula 24'

Thank you. Here are a couple pictures from this weekend. Lots of cleaning. The outdrive and engine should be ready this week.
 

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jcsercsa

Captain
Joined
May 21, 2007
Messages
3,401
Re: 1965 Formula 24'

MAn that is Sweet !!! love the looks of her , looks like she is flying just sitting there !! and she does look in great shape what we can see !! and what a steal even with all the work you have to do to her!! keep them pics comming !!!! John
 

clinton152

Seaman Apprentice
Joined
Nov 21, 2008
Messages
30
Re: 1965 Formula 24'

Good Evening. Its been a couple weeks without an update. The brakes were a pain but all calipers, bearings have been re-built and the system bled. Test drive went well. With 2 of 4 panels of glass being cracked I figured they should all be replaced for uniformity. The right thing of course would have been to have real glass panels made and installed by a professional. This is a 1965 boat and I am on a budget so a plastic product was used. Not going to say whether it was plexi, lexan or acrylic, thats like a Ford or a Chevy, but the color looks good. I used the 1/4" ribbon for against the frame and then a windshield urethane for the outside to frame. very sticky stuff. Had to tape everything for a clean edge of caulking. Lots of scraping brushing and cleaning but for the cost I think it turned out pretty good. New searchlight. The motor is assembled and the outdrives are ready. The problem now is the holiday schedules. My plan is to have a buddys marina drop the motor in, and do all the alignment while they install the outdrives. The question now is....With the time available.....To paint or not to paint.
 

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tashasdaddy

Honorary Moderator Emeritus
Joined
Nov 11, 2005
Messages
51,019
Re: 1965 Formula 24'

from the pics, it looks pretty darn good for it's age.
 

oops!

Supreme Mariner
Joined
Oct 18, 2007
Messages
12,932
Re: 1965 Formula 24'

The question now is....With the time available.....To paint or not to paint.

looks good from here.......but you are up close.....ya might wanna try a light 1500 grit sand paper to the hull first...then a good rub and wax.
 
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