Used 2022 Lexus IS for Sale nearMississauga, ON

How much does the 2022 Lexus IS cost?

Prices have softened 6.28% compared to this time last year, making it a favourable time to shop this model year.

There are 69 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 a 5/5 user rating and an 8.17/10 expert rating. The standout strength is Technology at 10/10.

Owners consistently praise its luxurious feel, quiet ride, and reliable performance. The review summary also points to the powerful V6 engine and all-wheel drive as reasons it feels rewarding to drive. For you, that makes it a strong fit if you want a compact luxury sedan that feels polished in daily use but still has an enthusiast edge.

The market also shows 31.9% of listings as good or great deals, which gives you some room to shop selectively.

Is the 2022 Lexus IS reliable?

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

The user feedback highlights reliable performance, and the review summary also points to a car that feels luxurious, quiet, and enjoyable to drive over time. The expert evaluation describes it as delivering comfort, quality, and dependability you’d expect from a Lexus, which reinforces that impression.

If you’re buying used, the main long-term ownership risk is that some examples may have been driven hard, so condition and maintenance history matter.

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 dramatic V8 character, exclusive 19-inch lighter-weight alloy wheels, a raised hood, quad exhaust outlets, triple-beam headlights, a navigation system, a surround-view monitoring system, and a 17-speaker Mark Levinson premium sound system. It also keeps the cabin intimate but comfortable for four people, with quality materials throughout.
• Powertrain: The IS 500 F Sport Performance uses a naturally aspirated 5.0-litre V8 with 472 hp and 395 lb-ft of torque, paired with an eight-speed Sport Direct Shift automatic transmission and rear-wheel drive. It also includes a limited-slip differential and drive modes including Eco, Normal, Sport S, Sport+, and Custom.
• Safety package: Lexus Safety System+ 2.5 is standard and includes 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 be intrusive in certain traffic and road situations.
• Infotainment: You get an 8-inch touchscreen with Apple CarPlay, Android Auto, Bluetooth, and SiriusXM satellite radio. The IS 500 also adds a 10.3-inch touchscreen, navigation, and a 17-speaker Mark Levinson premium audio system.
• Fuel efficiency: The IS 500 averaged 13.3 L/100 km in evaluation, 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:

The IS 500 F Sport Performance: This is the only trim described here, and it’s the one to buy if you want the full V8 experience, the strongest performance, and the richest equipment list. It suits you best if you value character, sound, and everyday refinement more than fuel efficiency or bargain pricing.

Lexus Safety System+ 2.5 is standard on all 2022 IS models.

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 carefully and still find worthwhile listings.

• Deal availability: 31.9% of listings are priced as good or great deals.
• Inventory: There are 69 listings available.
• Price trend: Prices have softened 6.28% compared with last year.

If you find a listing below $38,846 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 $40,069 CAD sits slightly below last year's $42,756 CAD.

That softer pricing trend suggests the market has become a bit more favourable for buyers, which can make it harder for future sellers to command top dollar immediately. If you buy well now, you may have less downside risk than someone who paid closer to the higher prices seen a year ago.

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 a five-star overall rating from NHTSA, while also earning five-star rollover resistance and four-star frontal-impact ratings 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 collision warning and emergency braking, lane keep assist, collision-prevention technologies, adaptive cruise control with lane-centring assistance, and blind spot monitoring. The system is generally well regarded, but some functions can react too aggressively in tighter curves and 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:

• 31.9% of listings are priced as good or great deals.
• Price trend: Prices have softened 6.28% compared with last year.
• Owners rate it 5/5 — a strong satisfaction signal.
• The 2022 brings a significant improvement in performance, including the debut of the IS 500 F Sport Performance.

Consider the 2021 if:

• At $38,140 CAD, the 2021 costs less than the current year's $40,069 CAD average.
• It starts the fourth generation with a sharper, more driver-oriented character.

The bottom line: If you want the strongest performance and the most distinctive version of this generation, the 2022 is the better pick. If your priority is spending less up front, the 2021 is the sensible alternative and still gives you the core Lexus IS experience.

These recommendations are based on CarGurus' proprietary market data from September 29, 2026, CarGurus experts' opinions, and generative AI.