Used 2022 Lexus IS for Sale near Manitoba

How much does the 2022 Lexus IS cost?

Prices have softened 6.20% compared to this time last year, making it a favourable time to shop this model year.

There are 59 listings available, which suggests a modest amount of inventory for you to compare.

Is the 2022 Lexus IS a good car?

Yes — the 2022 Lexus IS earns 5/5 from owners and 8.17/10 from expert testing. The standout strength is Technology at 10/10.

Owners consistently praise its luxurious feel, quiet ride, and reliable performance, and many also like the powerful V6 engine and all-wheel drive. That lines up well with the model’s use case as a polished compact luxury sedan that still feels engaging in everyday driving. If you want a small luxury car that blends refinement with personality, this one fits that brief well.

Only 32.2% of listings are priced as good or great deals, so you may need to shop selectively to find the best value.

Is the 2022 Lexus IS reliable?

Owners rate it 5/5, a strong signal of long-term satisfaction.

The owner feedback points to reliable performance, and the expert evaluation also describes the car as delivering the comfort, quality, and dependability you’d expect from a Lexus. That combination is encouraging if you want a used luxury sedan you can count on for daily use.

For used buyers, the main long-term ownership risk is that a performance-focused example may cost more to run than a simpler luxury sedan.

What should I look for when buying a used 2022 Lexus IS?

Key things to evaluate:

• Trim level: The higher-spec version adds a more powerful V8, triple-beam headlights, a navigation system, a surround-view monitoring system, and a 17-speaker Mark Levinson premium sound system. The base setup is less richly equipped, so you should compare feature content carefully if you want the best value.
• Powertrain: The standout engine is a normally aspirated 5.0-litre V8 with rear-wheel drive, an eight-speed automatic transmission, and a limited-slip differential. It is tuned for strong performance rather than efficiency.
• Safety package: Lexus Safety System+ 2.5 is standard, with collision warning and emergency braking, lane keep assist, adaptive cruise control with lane-centring assistance, and blind spot monitoring. Some driver-assistance functions can react too aggressively in certain situations.
• Infotainment: You get an 8-inch touchscreen with Apple CarPlay, Android Auto, Bluetooth, and SiriusXM satellite radio, while the higher-spec version adds a 10.3-inch touchscreen, navigation, and the Mark Levinson audio system.
• Fuel efficiency: The expert evaluation recorded 13.3 L/100 km, and the official combined rating is 11.9 L/100 km.

Which 2022 Lexus IS trim should I buy?

The 2022 Lexus IS is offered in 1 trim level: IS 500 F Sport Performance.

Here's the short version:

IS 500 F Sport Performance: This is the one to buy if you want the full performance experience, because it brings the V8, the stronger brakes, the adaptive variable suspension, the rear performance damper, and the premium audio and navigation equipment. It suits you best if you care more about character and driving enjoyment than fuel savings. The safety package is standard across the lineup, so you are not giving up core driver-assistance coverage by choosing this trim.

Is now a good time to buy a used 2022 Lexus IS?

This looks like a moderate, selective buyer’s market, so you should shop carefully and be ready to move when you find a strong listing.

• Deal availability: 32.2% of listings are priced as good or great deals.
• Inventory: There are 59 listings available.
• Price trend: Prices have softened 6.20% compared with last year.

If you find a listing below $38,849 CAD, that's toward the low end of the year-round range and worth acting on quickly.

What is the 2022 Lexus IS's resale value?

The current average of $40,051 CAD sits slightly below last year's $42,701 CAD.

That price movement suggests the market has eased a bit, which can help you as a buyer today but may temper short-term gains if you plan to resell soon. For a future seller, the current softness means you may need to price competitively to stand out. Even so, the model’s strong owner satisfaction should help support demand over time.

Vehicles with strong owner satisfaction ratings, like this model year's 5/5, tend to retain buyer demand, which supports resale value over time.

Is the 2022 Lexus IS safe?

The 2022 Lexus IS earns the highest overall rating of “Top Safety Pick+” from IIHS and a five-star overall rating from NHTSA, with a four-star frontal-impact collision rating for the driver and front passenger and a five-star rating for rollover resistance.

It earns an 8/10 safety score from our experts.

Lexus Safety System+ 2.5 is standard on all 2022 IS models. It includes collision warning and emergency braking, lane keep assist, adaptive cruise control with lane-centring assistance, and blind spot monitoring. In testing, the lane-departure warning’s steering wheel vibration was subtle and the highway lane-centring worked well, but the system can react too aggressively in tighter curves and low-speed automatic braking can be intrusive in heavy city traffic.

Should I buy a 2022 Lexus IS or consider a different year?

If you're weighing the 2022 against nearby model years, here's how to think about it:

Choose the 2022 if:

• 32.2% of listings are priced as good or great deals.
• Price trend: Prices have softened 6.20% compared with last year.
• Owners rate it 5/5 — a strong satisfaction signal.
• The 2022 adds a significant performance boost, including the debut of the IS 500 F Sport Performance.

Consider the 2021 if:

• At $38,231 CAD, the 2021 costs less than the current year's $40,051 CAD average.
• It marks the start of the new generation and focuses on a sharper, more driver-oriented compact luxury sports sedan.

The bottom line: If you want the strongest mix of performance, satisfaction, and current market value, the 2022 is the better pick. If your priority is spending less up front, the 2021 is the more budget-friendly route and still gives you the core new-generation IS experience.

These recommendations are based on CarGurus' proprietary market data from September 22, 2026, CarGurus experts' opinions, and generative AI.