1. What is the Hull Speed Value Equation?

The Hull Speed Value Equation calculates the estimated value of a power boat for sale based on its speed in knots and a price factor per knot. This provides a quick valuation metric for comparing boats.

2. How Does the Calculator Work?

The calculator uses the simple equation:

Where:

• \( Speed \) — Boat speed in knots
• \( Price\ Factor \) — Dollar value per knot of speed

Explanation: The equation multiplies the boat's speed by a market-determined price factor to estimate its value.

3. Importance of Hull Speed Calculation

Details: This calculation helps potential buyers quickly assess whether a boat is priced appropriately relative to its performance characteristics.

4. Using the Calculator

Tips: Enter the boat's maximum speed in knots and the appropriate price factor (typically between $1,000-$10,000 per knot depending on boat type and market conditions).

5. Frequently Asked Questions (FAQ)

Q1: What's a typical price factor range?
A: For most power boats, the factor ranges from $2,000-$5,000 per knot, with high-performance boats commanding higher factors.

Q2: Does this account for boat condition?
A: No, this is a baseline calculation. Actual value should consider condition, age, brand, and features.

Q3: What speed measurement should I use?
A: Use the manufacturer's reported maximum speed under ideal conditions for consistency.

Q4: How accurate is this valuation method?
A: It provides a rough estimate. For precise valuation, consult marine surveyors and comparable sales data.

Q5: Does this work for sailboats?
A: The equation can be used, but sailboats typically have much lower price factors than power boats.