2023 Lexus IS 350 F SPORT
View this vehicle at merlex auto group →Vehicle Details
350 F SPORT
Arlington, VA 22201
Is this 2023 Lexus IS 350 F SPORT a good deal?
OAV verdict: Fair Price
Why: Listed at $38,760, comparable market range $37,701–$49,719, based on 31 comparable listings. Listed 5 days.
Market price position
$38,760 · within market range
- Comparable range
- $37,701 – $49,719
- vs. market
- $1,059 above low · $10,959 below high
- Comparable vehicles
- 31
Market Retail Price (MRP™)
$43,710This vehicle $38,760 · $4,950 (11%) 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™)
$39,121This vehicle $38,760 · $361 (1%) below TRV
TRV™ is the average paid price for cars like this in the last 60 days (sold data through 2026-09-10) — an estimate, not an appraisal. How TRV works.
Comparable vehicles nationally recently sold in an estimated 14–53 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.
Merlex Auto Group
Arlington, VA
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Request availability and out-the-door price
OAV will route your inquiry to Merlex Auto Group for current availability of this 2023 Lexus IS 350 F SPORT 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 2023 Lexus IS
Listing updated: Sep 10, 2026Listed by an independent dealer in Arlington, VA · On lot for 5 days · VIN verifiable at NHTSA
This used 2023 Lexus IS 350 F SPORT is listed at $38,760 by merlex auto group in Arlington, VA 22201. It has 75,907 miles on the odometer (dealer-reported, not independently verified by OAV). The exterior color is Silver. It features a RWD drivetrain with a 3.5L V6 engine and Automatic transmission.
OAV's independent, evidence-backed Price-to-Market analysis rates this vehicle as Fair Price — priced in line with the supported comparable range. Based on 31 comparable listings matched to this vehicle, the estimated market range is $37,701 to $49,719. These comparisons match year, make, and model, 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 5 days.
Analysis powered by OAV's patented inventory standardization technology (U.S. Patent No. 12,236,477). Verdict methodology ptm-verdict-v1 · snapshot Sep 10, 2026. The patented comparable band is the input; ptm-verdict-v1 is the versioned OAV rule set that turns it into this verdict.
Market context
This listing is part of OAV's broader Arlington, VA sedans market analysis. OAV compares vehicles by local and regional price-to-market ranges and comparable count; days-on-lot and demand signals are shown separately, not as verdict inputs.
How this deal is rated
OAV compares this 2023 Lexus IS against similar vehicles currently available for sale — 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 comparable-range floor by a meaningful margin (OAV's minimum-gap rule); a listing below the floor by less than that margin is Fair Price.
- 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 can surface additional verification signals, but commercial participation never changes a listing's Price-to-Market verdict, eligibility, ranking, or confidence.
How this listing is verified
This vehicle listing was aggregated from an independent dealer in Arlington, VA, one of 57,000+ U.S. dealerships in OAV's nationwide inventory network.The VIN JTHGZ1B28P5066574 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.
2023 Lexus IS Market in VA
VA Market Listings
55
Average Price
$41,547
Price Range
$31,495–$49,765
Avg Days on Lot
47
Based on all 55 2021-2025 Lexus IS listings in the VA market, the average asking price is $41,547. This listing at $38,760 is $2,787 below the broader VA average (7% below the VA average). This is a wider, all-trim comparison across VA; OAV's price verdict above uses the closer comparable set. Comparable prices in VA range from $31,495 to $49,765. Similar vehicles spend an average of 47 days on dealer lots in this market.
Similar Lexus IS Listings in VA
8 similar listings shown (closest matches within ±2 model years) and ±30,000 miles (subject trim: 350 F SPORT — compare trims below)
This is a broad, statewide same-model set (any trim, mileage, or title) — not the qualified comparable cohort behind the verdict above; lower prices here typically reflect a different trim, higher mileage, or a branded title.
2021 Lexus IS
350 F SPORT
Lynchburg, VA
2021 Lexus IS
350 F SPORT
Arlington, VA
2021 Lexus IS
350 F SPORT
Arlington, VA
2022 Lexus IS
350 F SPORT
Arlington, VA
2021 Lexus IS
350 F SPORT
Arlington, VA
2021 Lexus IS
350 F SPORT
Virginia Beach, VA
2021 Lexus IS
350 F SPORT
Richmond, VA
2023 Lexus IS
350 F SPORT
Arlington, VA