Hey Blake,
According to KBB LS in excellent condition asking price could be $10,115. If I were you, I'd do the usual and have it checked out by a mechanic, find out what service history the car has, make sure the timing belt/water pump replacement has been done. You can even take the VIN to Lexus and they will print out all that has been done to the car at a Lexus dealership. Back to price, that is the starting price for a car that is mechanically and cosmetically flawless. So take in to account whatever findings your mechanic comes up with and what ever things you come up with. Even at the $7995, I'm sure there is wiggle room. Good luck, and let us know what takes place.