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Formula 382 FASTech (2014-)

Brief Summary

Formula decided long ago that they weren’t going to compete in the high end of the speed scale, at least with their recreational boats. Instead, they chose to make their boats go “fast enough”, and then attack the market by doing what they do best: Add the “Formula Difference” to the design. This means that the creature comforts and added-touches to the fit and finish are now present. By the way, we are talking about factory engine options up to 700-hp each. In effect, Formula sacrificed weight savings in favor of strength and amenities, and some top-end speed for reliability.

Key Features

  • 10-year structural warranty
  • 3-color Imron design in Antigua, Stealth or Bayport
  • FAS3Tech hull
  • Extended swim platform with concealed ladder and pull-up cleats
  • UltraLeather wrap-around lounge seating/double berth
  • Clarion AM/FM/CD stereo with changer control
  • Entertainment center with sink, countertop, and refrigerator


Length Overall 38' 2'' / 11.63 m
Beam 8' 3''
2.51 m
Dry Weight 10,450 lbs.
4,740 kg
Draft 33''
0.84 m
Deadrise/Transom 24-deg.
Max Headroom 5' 1''
1.55 m
Bridge Clearance 5' 6''
1.68 m
Fuel Capacity 195 gal.
738 L
Water Capacity 19 gal.
72 L


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Engine Options

Tested Engine Currently no test numbers
Std. Power N/A
Opt. Power 2 x 725-hp Illmor MV10 725 INDY Stern Drive System
2 x 570-hp Illmor MV8 570X IMCO SCX Xtreme Advantage Drive
2 x 430-hp MerCruiser 8.2 MAG High Output ECT Bravo I X
Various Mercury Racing twin engines at 565, 600 and 700-hp

Captain's Report

Formula 382 Fastech
Speed is a big part of the equation, but that’s only the beginning of the way Formula does things.

Formula 382 Fastech

The Heart of the Beast

The technology begins with Formula’s Advanced Speed, Stability, Structural Technology (FAS³Tech) multi-plane hull. It incorporates three separate running surfaces produced by two steps built into the hull. The “steps” serve to force air under the hull and reduce surface friction for an even faster ride than a boat with a smooth deep-V. Some builders put in one step, but Formula puts in two. This stepped bottom has proven itself by dominating the APBA Factory 2 circuit for several years. Formula has earned several National and World Championships using race-rigged versions of the same performance hull that can be bought in their recreational version.

Formula 382 Fastech

Here one can see the two steps in the hull that creates the three separate running surfaces.

Limit HP and Don’t Sacrifice the Weight

Because Formula doesn’t want to strive for the fastest boat, they’re free to do two key things: keep the horsepower between 850 and 1400 and add strength to the hull by slightly sacrificing weight savings. Formula adds the strength (and weight) and the amenities. Rather than use a traditional stringer system injected with super light closed-cell foam, Formula utilizes a separately made fiberglass grid system that gets chemically bonded to the hull. The result is a heavier, stronger boat, and that means a more solid riding boat and therefore a safer boat. And yes...slightly slower, but so far no one’s complained.

Formula 382 Fastech

In these three shots, one can see the reason for the added weight in Formula’s FAS³Techs. The first shows the reinforcing grid system suspended over the hull. In the center, the chemical bond is being injected onto the hull. And finally, the two are joined with the strength of one.

And Then There Are the Amenities

The stern features four-across seating. The dual bucket seats are McLeod offshore-style seats that wraparound both operator and navigator for comfort in sustained high-speed operations. Rocker switches on each armrest actuate the electric bolster and the electrically actuated footrest. All seats are treated with Prefixx for easy cleanup. Cabin access is through a centerline companionway.

Formula 382 Fastech

Since high speed makes it hard to hear, the cockpit is outfitted with four 150W 6 1/2" marine-grade speakers with polished stainless steel grilles and separate tweeters with 1,000 watt amplification plus a 200 watt cockpit subwoofer.

The helm is laid out with Livorsi Monster & Redline backlit gauges. One's right hand will rest comfortably on the Livorsi chromed shifters/throttles with an in-handle outdrive trim switch at their thumb position. The Kenwood waterproof dash-mounted multi-feature stereo remote control is just above the engine controls, and fingertip K-Plane and outdrive trim override switches just ahead of the remote.

Formula 382 Fastech

The tilt steering wheel is connected to Latham hydraulic steering. And in true Formula fashion, the windshield is framed in stainless steel.

The Cabin

Moving below, the cabin is nicely appointed. Fully forward is a bow berth upholstered in Ultraleather. Just aft is a wraparound lounge/dinette which by lowering the Corian table, can convert to another double berth should the boater decide to bring another pair of friends to spend the night.

Formula 382 Fastech

It is hard to see in this photo, but forward of the table and seat back is a double bunk in the bow of the boat. Forward of that is the forepeak and chain locker.

Formula 382 Fastech

At the aft end of the cabin is an entertainment center with stainless steel sink, Corian countertop and dual voltage refrigerator lies to either side. A 19” (48.26 cm) LCD TV is mounted to the starboard aft bulkhead. The enclosed head is fully aft. The cabin is cooled via the optional reverse cycle air conditioner (add $6,060) that is powered by either the standard shorepower or optional 5.0 KW Kohler generator (add $14,395).

Formula 382 Fastech

Formula uses the shoe-box deck-to-hull construction design with a chemical bonding material, then the hull and deck are through-bolted together.

Power Options

The base boat is powered by a pair of 430-hp 8.2 MAG High Output MerCruiser engines attached to B1X outdrives ($429,730). There are nine upgrade choices topping out at a pair of Mercury Racing 700-hp SCi NXT1s ($595,570). If that engine option is chosen, then one will surely want the Mercury Racing X-Haust noise reduction system as well (add $17,450).

Formula 382 FASTech Floor Plan

Formula 382 FASTech floor plan.


While still addressing the need for speed, Formula also managed to squeeze in creature comforts that are not found on some competing brands. In this manner, Formula is managing to fill a niche market with a go-fast boat that has a comfortable and classy side, and as much brute force that is wanted up to 1400-hp. It’s a “have your cake and eat it too” boat that will be around for a long time. At least long enough for Formula to feel at ease by standing behind the boat with a 10-year structural warranty.

Formula 382 Fastech

And in case anyone was wondering, yes, the Formula 382 is a certified babe magnet.

All high-performance boats are not the same. Some are built in a rented bay in an industrial park by enthusiasts who were somewhere else yesterday and will be gone tomorrow. They have virtually no overhead, do not follow ABYC standards, are not NMMA certified and will often disappear at the first sign of a lawsuit. That is why when buying any boat, much less a high-performance vessel, one should go with an established company such as Formula.
And, let’s face it – these boats can be dangerous, because speed can be dangerous. If the boater thinks they are ready to move up into the rarified atmosphere of a high performance boat, and they can afford it, then our recommendation is that they go with a brand whose management and culture is dedicated to safety as well as speed. Formula is one such company.

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Currently no test numbers