Used 2022 Lexus IS for Sale nearMississauga, ON

How much does the 2022 Lexus IS cost?

Prices have softened 4.95% compared to this time last year, making it a favourable time to shop this model year.

There are 52 listings available, which suggests a modest amount of inventory for shoppers to compare.

Is the 2022 Lexus IS a good car?

Yes — the 2022 Lexus IS earns a 5/5 user rating and an 8.2/10 expert rating. 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 with the overview’s focus on a more performance-focused luxury sedan that still feels refined in daily use.

With 23.1% of listings marked as good or great deals, you have some room to find a strong-value example if you shop carefully.

Is the 2022 Lexus IS reliable?

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

User feedback points to reliable performance, and owners also describe the car as dependable and enjoyable to live with over time. The expert evaluation also describes the IS as delivering comfort, quality, and dependability, which supports the idea that it should be a reassuring used buy.

If you choose a well-maintained example, long-term ownership risk looks manageable, though you should still watch for signs of hard use and uneven maintenance history.

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

Key things to evaluate:

• Trim level: The IS 500 F Sport Performance adds a more aggressive personality, exclusive 19-inch lighter-weight alloy wheels, quad exhaust outlets, and a raised hood, while the cabin remains closely related to lesser IS models. The base setup still includes a wide touchscreen display, but the Remote Touch Interface touchpad remains on the centre console and can reduce usable storage space.
• Powertrain: The IS 500 F Sport Performance uses a normally aspirated 5.0-litre V8 with rear-wheel drive, an eight-speed automatic, and a limited-slip differential. Lexus also offers a robust 311-hp 3.5-litre V6 in the IS 350 F Sport and a standard turbo 2.0-litre four-cylinder in the IS 300 RWD.
• Safety package: Lexus Safety System+ 2.5 is standard on all 2022 IS models, bringing driving assistance, collision warning and emergency braking, lane keep assist, collision-prevention technologies, adaptive cruise control with lane-centring assistance, and blind spot monitoring. Some functions can react too aggressively in tighter curves or heavy city traffic.
• Infotainment: Standard equipment includes an 8-inch touchscreen, Apple CarPlay, Android Auto, Bluetooth, SiriusXM satellite radio, a Wi-Fi hotspot connection, and connected safety services. The IS 500 adds a 10.3-inch touchscreen, navigation, and a 17-speaker Mark Levinson premium audio system.
• Fuel efficiency: The IS 500 averaged 13.3 litres per 100 kilometres during evaluation, and the official Natural Resources Canada combined rating is 11.9 L/100 km.

Which 2022 Lexus IS trim should I buy?

The 2022 Lexus IS is offered in 3 trim levels: IS 300 RWD, IS 350 F Sport, IS 500 F Sport Performance.

Here's the short version:

• IS 300 RWD: This is the entry point if you want the Lexus IS experience at the lowest price, but the available information here points to the IS 500 and IS 350 as the more compelling choices for shoppers who care about performance and equipment.
• IS 350 F Sport: This is the best-value choice for most buyers because it delivers a strong 311-hp V6 and a satisfying sports-sedan character without the IS 500’s big price jump.
• IS 500 F Sport Performance: Choose this if you want the most dramatic version of the IS, with the 5.0-litre V8, the 17-speaker Mark Levinson audio system, navigation, and the most distinctive driving experience in the lineup.

Lexus Safety System+ 2.5 is standard across the range, so you do not need to move up a trim for the core safety suite.

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

This looks like a moderate, selective buyer’s market, so you can shop patiently but should move quickly on the right car.

• Deal availability: 23.1% of listings are priced as good or great deals.
• Inventory: There are 52 listings available.
• Price trend: Prices have softened 4.95% compared with last year.

If you find a listing below $38,917 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 $40,301 CAD sits slightly below last year's $42,400 CAD.

That softer pricing suggests the market has cooled a bit, which can help you buy in at a more favourable point. For a future seller, it also means you should expect resale value to depend heavily on condition, mileage, and trim desirability.

Higher-spec versions with stronger enthusiast appeal may hold attention better than less distinctive examples. 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 Lexus IS earns the highest overall rating of “Top Safety Pick+” from IIHS, and the National Highway Traffic Safety Administration gives it an overall rating of five stars. It also earns a high five-star rating for rollover resistance, but receives a four-star frontal-impact collision rating for the driver and front passenger.

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

Lexus Safety System+ 2.5 is standard on all 2022 IS models. It includes a wide range of driving assistance, collision warning and emergency braking, lane keep assist, collision-prevention technologies, adaptive cruise control with lane-centring assistance, and blind spot monitoring.

Some of the system’s behaviour can be intrusive, especially in tighter curves and heavy city traffic, so you should test those functions carefully on a used example.

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:

• 23.1% of listings are priced as good or great deals.
• Price trend: Prices have softened 4.95% 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 $38,286 CAD, the 2021 costs less than the current year's $40,301 CAD average.
• It marks the start of the new generation and targets enthusiast drivers with a sharper, more driver-oriented feel.

The bottom line: Choose the 2022 if you want the stronger performance story and the broader appeal of the updated lineup. If your priority is saving money, the 2021 is the better value play, especially if you want the new-generation IS experience at a lower entry price.

How does the 2022 Lexus IS compare to the 2022 BMW 3 Series?

Our experts score the 2022 Lexus IS 8.2/10 and the 2022 BMW 3 Series 8.7/10. The BMW 3 Series has the edge on expert score, fuel economy, and average used price, while the Lexus IS counters with a stronger deal share and a much smaller inventory pool. If you want the better-value shopping experience and a more distinctive performance flavour, the Lexus is compelling; if you want the broader market choice and the stronger overall expert score, the BMW is the safer comparison point.

Read our full side-by-side expert comparison here.

These recommendations are based on CarGurus' proprietary market data from November 10, 2026, CarGurus experts' opinions, and generative AI.