Is the $12,500 price on this 2016 Lexus IS a good deal?

OAV rates this as a Great Deal because the asking price of $12,500 is below the typical market range for this vehicle.

How long does a 2016 Lexus IS typically stay on dealer lots?

Comparable Lexus IS listings in NJ spend an average of 46 days on dealer lots.

Where is this 2016 Lexus IS located?

This vehicle is listed in Newark, NJ 07103. VIN: JTHCM1D28G5011312. Mileage: 116,349 miles.

What is the fair market price range for this 2016 Lexus IS?

OAV's Price-to-Market analysis estimates the fair market range is $14,795 to $30,590, based on 11 comparable listings matched to this vehicle.

2016 Lexus IS 300 for Sale in Newark, NJ

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Vehicle Details

VINJTHCM1D28G5011312

Trim300

Exterior ColorGray

Drivetrain4WD

Engine3.5L V6

TransmissionAutomatic

Fuel TypePremium Unleaded

Inventory Typeused

Days on Lot117

300

Great Deal

$12,500116,349 mi

Newark, NJ 07103

Is this 2016 Lexus IS 300 a good deal?

OAV verdict: Great Deal

Why: Listed at $12,500, comparable market range $14,795–$30,590, based on 11 comparable listings. Listed 117 days.

Market price position

$12,500 · $2,295 below market low

Comparable range: $14,795 – $30,590
vs. market low: — $2,295 (16% below)
Comparable vehicles: 11

Market Retail Price (MRP™)

$22,693

This vehicle $12,500 · $10,193 (45%) below MRP

MRP™ is the midpoint of the comparable market range — the representative price the market is asking for similar vehicles. How MRP works.

True Retail Value (TRV™)

$18,006

This vehicle $12,500 · $5,506 (31%) below TRV

TRV™ is the average paid price for cars like this in the last 60 days (sold data through 2026-08-23) — an estimate, not an appraisal. How TRV works.

Comparable vehicles nationally recently sold in an estimated 14–67 days.

Market Breakdown

Local = comparable listings in the same metro. Regional = comparable listings across the broader state or multi-state region. Both ranges are rebuilt from the market snapshot shown above.

Local Range$14,795 – $14,795

Regional Range$14,795 – $30,590

Pyramids Auto Outlet

Newark, NJ

OAV routes your inquiry; pricing, taxes, fees, and availability come from the dealer.

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Request availability and out-the-door price

OAV will route your inquiry to Pyramids Auto Outlet for current availability of this 2016 Lexus IS 300 and an out-the-door price quote (taxes, fees, addons included).

OAV routes your inquiry; pricing, taxes, fees, and availability come from the dealer.

About This 2016 Lexus IS

Listing updated: Aug 23, 2026

Listed by an independent dealer in Newark, NJ · On lot for 117 days · VIN verifiable at NHTSA

This used 2016 Lexus IS 300 is listed at $12,500 by pyramids auto outlet in Newark, NJ 07103. It has 116,349 miles on the odometer (dealer-reported, not independently verified by OAV). The exterior color is Gray. It features a 4WD drivetrain with a 3.5L V6 engine and Automatic transmission.

OAV's independent, evidence-backed Price-to-Market analysis rates this vehicle as a Great Deal — priced below market value. Based on 11 comparable listings matched to this vehicle, the estimated market range is $14,795 to $30,590. These comparisons match year, make, model, and market, using trim where trim data supports it. OAV does not adjust comparables for odometer — where mileage would distort a verdict, it withholds one instead.

This vehicle has been on the lot for 117 days.

Analysis powered by OAV's patented inventory standardization technology (U.S. Patent No. 12,236,477).

Market context

This listing is part of OAV's broader Newark, NJ sedans market analysis. OAV compares vehicles using local and regional price-to-market ranges, days-on-lot, comparable count, and demand signals where available.

How this deal is rated

OAV compares this 2016 Lexus IS against similar vehicles currently available in the local and regional market — same make, model, and year range, using trim where trim data supports it. OAV does not adjust comparables for odometer; on very high-mileage vehicles it withholds a verdict rather than overstate a discount the odometer explains. Based on where this listing falls in that comparable set, it is rated:

Great Deal — priced below the typical range for comparable vehicles.
Fair Price — priced within the expected range for comparable vehicles.
Overpriced — priced above the typical range for comparable vehicles.

Listings show OAV's PTM-derived deal quality and live market context. OAV-claimed dealers manage their listing profile and route buyer inquiries directly. Paid OAV partners surface additional verification signals.

How this listing is verified

This vehicle listing was aggregated from an independent dealer in Newark, NJ, one of 57,000+ U.S. dealerships in OAV's nationwide inventory network.The VIN JTHCM1D28G5011312 can be independently verified via the U.S. Department of Transportation's NHTSA VIN decoder, and safety recalls at NHTSA's recall database.

Vehicle attributes (year, make, model, trim, mileage, location) are standardized using OAV's patented methodology (U.S. Patent No. 12,236,477), which normalizes naming conventions and deduplicates cross-listed inventory across the dealership network. Listing data is processed daily; Price-to-Market analysis uses comparable vehicles within the same geographic market.

2016 Lexus IS Market in NJ

NJ Market Listings

Average Price

$21,113

Price Range

$8,999–$34,990

Avg Days on Lot

Based on all 42 2014-2018 Lexus IS listings in the NJ market, the average asking price is $21,113. This listing at $12,500 is $8,613 below the broader NJ average (41% below the NJ average). This is a wider, all-trim comparison across NJ; OAV's price verdict above uses the closer comparable set. Comparable prices in NJ range from $8,999 to $34,990. Similar vehicles spend an average of 46 days on dealer lots in this market.