Used 2022 Lexus IS for Sale near Prince Edward Island

Summary

• With 62 currently listed for sale and an average price of $39,911.00 CAD, 21.0% of 2022 Lexus IS models for sale on CarGurus are rated as good or great deals.

• Favourably reviewed: Owners rated the 2022 Lexus IS 5 / 5 stars and CarGurus experts gave it an 8.17 / 10.

• 100.0% of 2022 Lexus IS models on CarGurus are accident free.

Why it stands out

The 2022 Lexus IS stands out in a crowded luxury-sedan field because it pairs a refreshed lineup with a clear performance focus. After a substantial refresh for the 2021 model year, the 2022 Lexus IS lineup returns with a handful of minor updates and a significant improvement in performance. That makes it appealing to buyers who want a compact luxury sedan that feels more engaging than merely comfortable.

The headline addition is the new Lexus IS 500 F Sport Performance, which debuts this year with a normally aspirated 5.0-litre V8 and laugh-riot driving dynamics. The result is a car that brings a level of sound and character that most rivals cannot match, even if nearly all of them are less expensive. For enthusiasts who miss the discontinued Lexus GS F, it is described as a credible substitute.

At the same time, owner feedback suggests the 2022 Lexus IS still delivers the qualities many luxury buyers value most: a luxurious feel, a quiet ride, and reliable performance. Some reviewers also note that fuel consumption could be better, so its strengths are not without compromise.

Other model years to consider

• 2023 Lexus IS

  • Average price: $43,721.00 CAD
  • Good/great deal percentage: 23.3%
  • User rating: 4.8 / 5
  • Total listings: 73

• 2024 Lexus IS

  • Average price: $45,851.00 CAD
  • Good/great deal percentage: 21.5%
  • Total listings: 65

• 2025 Lexus IS

  • Average price: $54,230.00 CAD
  • Good/great deal percentage: 24.6%
  • Total listings: 61

This analysis is based on CarGurus' proprietary market data from August 6, 2026, CarGurus experts' opinions, and generative AI.