Summary

• With 77 currently listed for sale near Memphis, TN and an average price of $22,387.00, 33.8% of 2016 Lexus IS models for sale on CarGurus are rated as good or great deals.

• Favorably reviewed: Owners rated the 2016 Lexus IS 4.9 / 5 stars.

• 58.4% of 2016 Lexus IS models on CarGurus are accident free.

Why it stands out

The 2016 Lexus IS stands out as a compact luxury sedan that leans hard into driving enjoyment while still delivering the polished feel expected from Lexus. It sits in the brand’s entry-level spot, which helps explain its appeal to younger buyers, and its compact proportions give it a more intimate, sporty character than a larger sedan. For shoppers who want a luxury car that feels engaging rather than purely soft, that balance is a major part of the IS’s identity.

For 2016, the IS lineup lost both the IS 250 and the IS F but gained a 200t model with a 241-hp 2.0-liter four-cylinder turbocharged engine and a 300 AWD model with a 255-hp 3.5-liter V6. Rear-wheel drive was standard, all-wheel drive was available on non-F sedans, and there was no manual transmission. The cabin also brought a strong list of standard luxury features, including passive entry, push-button start, a 10-way power adjustable driver’s seat, a power moonroof, a 13-speaker premium audio system, built-in telematics, and hill-start assist. Available Lexus Enform 2.0 infotainment added HD Radio and apps such as Bing, OpenTable, MovieTickets.com, Yelp, and Pandora, while available safety features included automatic high beams, lane departure alert, blind spot monitoring, and rear-cross-traffic alert.

At the same time, the IS is not the most practical choice in its class. The back seat is really tight, and the car is described as having not much cargo space and poor fuel economy. Even so, that tradeoff may be acceptable for buyers who value style, a luxury atmosphere, and a fun-to-drive personality more than maximum room or efficiency.

Other model years to consider

• 2023 Lexus IS

  • Average price: $38,391.00
  • Good/great deal percentage: 50.5%
  • User rating: 4.8 / 5
  • Total listings: 107

• 2014 Lexus IS

  • Average price: $13,909.00
  • Good/great deal percentage: 32.9%
  • User rating: 4.78 / 5
  • Total listings: 79

• 2017 Lexus IS

  • Average price: $21,998.00
  • Good/great deal percentage: 36.9%
  • User rating: 4.5 / 5
  • Total listings: 65

This analysis is based on CarGurus' proprietary market data from August 11, 2026, CarGurus experts' opinions, and generative AI.