The median asking price for a 2007 Lexus LS in Canada sits at $12,448, with most listings landing between $9,650 and $12,999. That's a fairly tight band. It tells you the market has more or less agreed on what this car is worth, so a seller quoting well north of $13,000 needs a reason you can point to.
Median odometer reading across these cars is 149,318 km. If the one you're eyeing is close to that number, the median price is your anchor. Under it, you've got room to push toward the low end of the range.
What to actually pay
I'd treat anything at or below $9,650 as a strong buy worth jumping on, assuming the condition checks out. Around $12,448 you're paying fair. Once a listing creeps past $12,999 you're above where the typical Canadian seller is landing, and that gap is yours to negotiate back.
We've flagged 3 deals on this model year in the last 90 days. Not a flood, but enough to show the good prices do surface if you're watching. Set your ceiling near the median, be ready to move when something drops toward $9,650, and let the overpriced listings sit.
Numbers reflect live listings across Canada over the last 90 days, filtered for outliers. Data as of . Prices in CAD.