The 2001 [Lexus IS](https://fridayswatchlist.com/search?make=Lexus&model=IS) 300 just sold for $10,500, and that's a deal — it went for 20% below the fair market estimate of $13,100.

This IS 300 is part of the first generation produced from 2000 to 2005, aimed squarely at competing with the BMW 3 Series. The 3.0L inline-6 engine cranks out 215 horsepower, paired with a 5-speed automatic transmission. Rear-wheel drive adds to the driving enjoyment, making it a solid choice for those who appreciate a sporty yet refined ride. The car's one-owner history and a well-documented service record boost its appeal, especially for buyers looking for reliability alongside performance.

In terms of price, $10,500 feels like a steal considering its mileage of 105,400. Sure, it’s not low mileage by any stretch, but the combination of its automatic transmission and one-owner status generally makes it more attractive to a wider audience. With 21 bids on this car, there was clearly a good amount of competition, indicating that buyers recognized the value here. Even with its minor cosmetic wear and past damage, it’s hard to ignore that this car sold below the fair market estimate.

Community comments reflected the enthusiasm surrounding this auction. One user noted, “Epic battle going on here for this classic!” This highlights the excitement that tends to swirl around models like this IS 300, especially when they generate multiple bids. Another comment exuded appreciation for the car's design, particularly its "iconic back end."

For buyers on the hunt for a similar car, pay close attention to service history and ownership. A solid maintenance record can make a big difference in reliability and resale value. Look for models that have been well cared for and have clear documentation. This IS 300's one-owner history and service records undoubtedly contributed to its competitive bidding. If you're after a daily driver with a sporty edge, keeping an eye out for those key traits can lead you to a great deal like this one.