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 669 listings available, which gives you a workable amount of inventory to compare.

If you find a listing below $17,606.24, that's toward the low end of the year-round range and worth acting on quickly.

Is the 2016 Lexus IS a good car?

Yes — the 2016 Lexus IS earns a 4.9/5 user rating, which points to strong owner satisfaction. Owners consistently praise the performance, comfort, and stylish design, and many also highlight the luxury feel and reliability. That fits especially well if you want a compact luxury sedan that feels engaging rather than purely soft, since this model is aimed at drivers who value a sporty character and a polished cabin. With 27.8% of listings marked as good or great deals, you 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.

The review summary also points to reliability as a recurring strength, with owners describing the car as dependable and something they can count on over time. That kind of feedback matters for used buyers because it suggests the ownership experience has been trouble-free enough to build confidence. For a used purchase, the main long-term risk is less about the model’s reputation and more about finding one that has been maintained well and not worn down by prior use.

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

At 45.9% 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 past damage. After that, prioritize a pre-purchase inspection that focuses on bodywork quality, alignment, and signs of uneven wear. Because this model is valued for its sporty feel and luxury presentation, condition matters a lot: you want the cabin, suspension, and exterior to match the asking price.

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 options.

• Deal availability: 27.8% of listings are priced as good or great deals.
• Inventory: There are 669 listings available.
• Price trend: Prices have held steady compared with last year.
• Clean inventory: 45.9% of listings are accident-free.

If you find a listing below $17,606.24, 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 $18,648 sits slightly above last year's $18,636.

That small increase suggests the market has stayed stable rather than swinging sharply, which is a good sign if you plan to sell later. A steady price pattern can help preserve confidence in the model’s value, especially when buyers see consistent demand instead of a steep drop. Strong owner satisfaction also supports that demand, since shoppers often gravitate toward cars with positive real-world feedback.

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:

• 27.8% of listings are priced as good or great deals.
• At 45.9% 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 $17,622, the 2015 costs less than the current year's $18,648 average.
• It emphasizes driver engagement and value.

The bottom line: You should start with the 2016 if you want the newer-year market position, steady pricing, and strong owner satisfaction. If your priority is saving money upfront, the 2015 is the better value-oriented alternative, especially if you find one in strong condition and can live with its older-year tradeoffs.

These recommendations are based on CarGurus' proprietary market data from August 21, 2026, CarGurus experts' opinions, and generative AI.