The 2006 Lexus IS sits at a median of $8,500 in the Canadian market right now. That's your anchor. If a listing is asking well above that, the seller needs a reason beyond the badge.
Most cars land between $6,500 and $8,500. Narrow band. A car near $6,500 isn't a red flag on price alone, and one at the top of the range should back it up with condition or lower mileage than the pack.
What the mileage tells you
Median odometer reading on these is 222,300 km. High, but expected for a car this age, and it's already baked into that $8,500 median. So a car sitting around 222,000 km is priced normally, not penalized. The number to watch for is the listing at median money asking you to ignore an odometer well past that.
We've flagged 2 deals on this model year in the last 90 days. Thin flow, which means when a genuinely well-priced one shows up, it doesn't sit around. Know your $6,500 to $8,500 window before you go looking and you'll recognize a fair ask on sight.
Numbers reflect live listings across Canada over the last 90 days, filtered for outliers. Data as of . Prices in CAD.