When two boats share the same hull type — in this case both the Fairline Phantom 40 2008 and the Fairline Targa 38 2008 are deep vee designs with fiberglass construction — the buying decision usually comes down to a handful of practical questions: how many people are you putting on the water, how far do you trailer, and what does your tow vehicle weigh?
On paper these two are close siblings in the size department — Fairline Phantom 40 2008 at 41,0 ft versus Fairline Targa 38 2008 at 39,0 ft. Weight tells a clearer story for trailering families: the Fairline Targa 38 2008 tips the scales at 1 514 lbs — 1 286 lbs less than the Fairline Phantom 40 2008 at 228 lbs. That difference is meaningful if you're working within a half-ton or three-quarter-ton truck's tow rating, especially once you factor in a motor, gear, and fuel.
The power gap is worth calling out. Rated to 740 hp, the Fairline Phantom 40 2008 has a 220-hp advantage over the Fairline Targa 38 2008's 520-hp ceiling — enough to notice on acceleration and at cruising speed, particularly with a full passenger load. Fuel capacity breaks the other way: the Fairline Phantom 40 2008 carries 265 gallons versus 168 gallons in the Fairline Targa 38 2008. On a lake day that's negligible, but for coastal cruising or long reservoir runs the extra range matters.
Both boats are rated for 12 passengers — a good fit for a family of four or five plus guests. Comfort at capacity is another matter; the longer hull typically means more seat options and better weight distribution.
Bottom line: Performance buyers should lean toward the Fairline Phantom 40 2008 and its 740-hp ceiling. If fuel economy and quieter running matter more than top-end speed, the Fairline Targa 38 2008 with its 520-hp rating is the more economical daily driver.