Used 2022 Lexus IS for Sale near Ontario

How much does the 2022 Lexus IS cost?

Prices have softened 6.89% 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 a 5/5 user rating and an expert rating of 8.17/10. The standout strength is Technology at 10/10.

Owners consistently praise the luxurious feel, quiet ride, and reliable performance. The model also gets credit for its powerful V6 engine and all-wheel drive, which make it especially appealing if you want a compact luxury sedan that feels engaging without losing its refined character.

With its blend of everyday polish and enthusiast appeal, it suits you well if you want a luxury car that is still fun to drive. 27.1% of listings are priced 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.

User feedback points to reliable performance, and owners also describe the car as dependable and trouble-free. The expert evaluation reinforces that impression by highlighting comfort, quality, and dependability in daily driving.

That said, as with any used luxury sedan, you should still pay close attention to maintenance history and how the car was driven, especially if you are considering a higher-performance version.

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, quad exhaust outlets, and a stealthier look than lesser IS models. It also comes with triple-beam headlights, a navigation system, a surround-view monitoring system, and a 17-speaker Mark Levinson premium sound system.
• Powertrain: The IS 500 F Sport Performance uses a naturally aspirated 5.0-litre V8 with rear-wheel drive and an eight-speed automatic transmission. It also includes a limited-slip differential, adaptive variable suspension, and a Yamaha rear performance damper.
• Safety package: Lexus Safety System+ 2.5 is standard on all 2022 IS models. It includes driving assistance, collision warning and emergency braking, lane keep assist, collision-prevention technologies, blind spot monitoring, and adaptive cruise control with lane-centring assistance.
• Infotainment: The cabin uses an 8-inch touchscreen with Apple CarPlay, Android Auto, Bluetooth, SiriusXM satellite radio, connected safety services, and a Wi-Fi hotspot. The IS 500 also adds a 10.3-inch touchscreen and navigation.
• 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 is the clear choice if you want the most distinctive version of the lineup. It brings the V8, the strongest performance character, and the richest equipment list, so it suits you best if driving enjoyment matters more than fuel savings or entry price. It is also the best-value trim in this year’s lineup because there is only one trim to choose from, and it packages the model’s standout hardware and features together.

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 afford to compare listings carefully.

• Deal availability: 27.1% of listings are priced as good or great deals.
• Inventory: There are 59 listings available.
• Price trend: Prices have softened 6.89% compared with last year.

If you find a listing below $38,870 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 $40,159 CAD sits slightly below last year's $43,131 CAD.

That softer pricing suggests the market has become a bit more buyer-friendly, which can make it harder for a future seller to command top dollar right away. If you buy now, you may benefit from that lower entry point, but resale strength will still depend on condition, mileage, and how well the car has been maintained.

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 driving assistance, collision warning and emergency braking, lane keep assist, collision-prevention technologies, blind spot monitoring, and adaptive cruise control with lane-centring assistance.

Some of the system’s features can be a little intrusive in real-world use, especially the curve speed reduction function and the low-speed automatic braking in heavy city traffic. Even so, the overall safety package is broad and well equipped.

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:

• 27.1% of listings are priced as good or great deals.
• Price trend: Prices have softened 6.89% compared with last year.
• Owners rate it 5/5 — a strong satisfaction signal.
• The 2022 adds the IS 500 F Sport Performance, bringing a V8 and a major performance boost.

Consider the 2021 if:

• At $38,231 CAD, the 2021 costs less than the current year's $40,159 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: You should lean toward the 2022 if you want the stronger performance story and a market that is currently a bit softer than it was a year ago. If your priority is simply spending less up front, the 2021 is the better price-sensitive alternative and still delivers the core new-generation IS experience.

These recommendations are based on CarGurus' proprietary market data from October 20, 2026, CarGurus experts' opinions, and generative AI.