Used 2016 Lexus IS for Sale nearChicago, IL

How much does the 2016 Lexus IS cost?

Prices have held steady compared to this time last year, signaling a stable and predictable market for this model year.

There are 682 listings available, which gives you a solid pool of options to compare on price and condition.

Is the 2016 Lexus IS a good car?

Yes — the 2016 Lexus IS earns a 4.9/5 user rating, which points to very strong owner satisfaction. Owners repeatedly praise the performance, comfort, and stylish design, and many also highlight the luxury feel and reliability. That makes it a strong fit if you want a compact luxury sports sedan with a premium cabin and an engaging driving character, especially if you value the F Sport personality. With 31.8% of listings marked as good or great deals, you still have room to shop selectively.

Is the 2016 Lexus IS reliable?

Owners rate it 4.9/5, a strong signal of long-term satisfaction.

The review summary also emphasizes reliability, with owners describing the car as dependable and trouble-free over time. That kind of feedback matters if you want a used luxury sedan you can count on without expecting constant surprises. For used buyers, the main long-term ownership risk is less about the brand reputation and more about finding a well-kept example with a clean history and consistent maintenance.

What should I look for when buying a used 2016 Lexus IS?

At 38.1% accident-free, a meaningful share of listings has prior incidents — history verification is especially important.

You should start with a vehicle history report so you can separate clean examples from cars with prior damage. After that, prioritize a pre-purchase inspection, especially if the car has been driven hard or modified. Focus your condition check on the ride quality, interior wear, and signs of uneven repair work, since those details can tell you a lot about how the car was treated.

Is now a good time to buy a used 2016 Lexus IS?

This looks like a moderate, selective buyer’s market, so you can shop patiently and still find worthwhile listings.

• Deal availability: 31.8% of listings are priced as good or great deals.
• Inventory: There are 682 listings available.
• Price trend: Prices have held steady compared with last year.
• Clean inventory: 38.1% of listings are accident-free.

If you find a listing below $17,634, that's toward the low end of the year-round range and worth acting on quickly.

What is the 2016 Lexus IS's resale value?

The current average of $18,173 sits slightly above last year's $18,013.

That small increase suggests the market has stayed fairly stable, which is a good sign if you plan to sell later. A steady price pattern usually means you are less likely to face a sharp drop in value over a short ownership period. The model’s strong owner satisfaction also helps support demand when it is time to trade in or list the car privately.

Vehicles with strong owner satisfaction ratings, like this model year's 4.9/5, tend to retain buyer demand, which supports resale value over time.

Should I buy a 2016 Lexus IS or consider a different year?

If you're weighing the 2016 against nearby model years, here's how to think about it:

Choose the 2016 if:

• 31.8% of listings are priced as good or great deals.
• At 38.1% accident-free, a meaningful share of listings has prior incidents — history verification is especially important.
• Price trend: Prices have held steady compared with last year.
• Owners rate it 4.9/5 — a strong satisfaction signal.

Consider the 2015 if:

• At $16,959, the 2015 costs less than the current year's $18,173 average.
• The 2015 emphasizes driving enjoyment and value.

The bottom line: You should lean toward the 2016 if you want the stronger current-market balance of price stability, owner satisfaction, and available inventory. If your top priority is spending less upfront, the 2015 is the better value-oriented alternative, especially if you are comfortable giving up some of the newer-year market positioning.

How does the 2016 Lexus IS compare to the 2016 BMW 3 Series?

These recommendations are based on CarGurus' proprietary market data from November 10, 2026, CarGurus experts' opinions, and generative AI.