Used 2016 Lexus IS for Sale nearMinneapolis, MN

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 668 listings available, which gives you a reasonable amount of inventory to compare before you buy.

Is the 2016 Lexus IS a good car?

Yes — the 4.9/5 user rating points to strong owner satisfaction. Owners repeatedly praise the performance, comfort, stylish design, luxury feel, and reliability, and many also like the F Sport package for the way it sharpens the driving experience. That makes the 2016 Lexus IS a strong fit if you want a compact luxury sedan that emphasizes driving enjoyment without giving up a premium feel. With 30.1% of listings marked as good or great deals, you still have some room to shop selectively.

Is the 2016 Lexus IS reliable?

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

User feedback also highlights reliability directly, with owners describing the car as reliable and praising it for being trouble-free enough to inspire confidence over time. That kind of feedback matters if you plan to keep the car for years, because it suggests lower ownership anxiety and a better chance of steady day-to-day dependability.

For used buyers, the main long-term risk is less about the car’s reputation and more about finding one that has been maintained well and not worn down by hard use.

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

At 40.4% accident-free, a meaningful share of listings has prior incidents — history verification is especially important.

You should run a vehicle history report on every promising listing and confirm whether any reported damage was repaired properly. Put inspection priority on body panels, paint match, alignment, and signs of uneven wear, since those can reveal past collision work or neglected maintenance. You should also focus on overall condition, because a sporty luxury sedan can hide expensive wear if it has been driven hard.

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

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

• Deal availability: 30.1% of listings are priced as good or great deals.
• Inventory: There are 668 listings available.
• Price trend: Prices have held steady compared with last year.
• Clean inventory: 40.4% of listings are accident-free.

If you find a listing below $17,631, 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 $18,608 sits slightly above last year's $18,492.

That small increase suggests the market has stayed relatively stable, which is a good sign if you plan to sell later. A steady price trend usually means the car is holding its appeal rather than dropping sharply, and that can help you recover more of your purchase price over time. Strong owner satisfaction also supports demand, especially for shoppers who want a sporty luxury sedan with a good reputation.

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:

• 30.1% of listings are priced as good or great deals.
• At 40.4% 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 $17,480, the 2015 costs less than the current year's $18,608 average.
• It emphasizes driving enjoyment with strong value and a sporty personality.

The bottom line: You should focus on the 2016 if you want the stronger current-market balance of price stability, owner satisfaction, and available inventory. If your priority is saving money upfront, the 2015 is the better secondary path, especially if you find one in excellent condition and can live with its older-year tradeoffs.

These recommendations are based on CarGurus' proprietary market data from September 22, 2026, CarGurus experts' opinions, and generative AI.