Used 2022 Lexus IS for Sale nearToronto, ON

How much does the 2022 Lexus IS cost?

Prices have softened 6.47% compared to this time last year, making it a favourable time to shop this model year.

There are 61 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. The user feedback also highlights the powerful V6 engine and all-wheel drive, which fits a buyer looking for a more engaging luxury sedan rather than a purely comfort-first one. That lines up well with the model’s performance-focused personality and its appeal to drivers who want a compact luxury car with more character than many rivals.

The market also shows 23.0% 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.

User feedback points to reliable performance, and the expert review describes the car as delivering the comfort, quality, and dependability you’d expect from a Lexus. The performance notes also reinforce that it feels capable and composed in everyday driving, which supports the impression of a car you can count on.

For used buyers, the main long-term ownership risk is that a performance-oriented luxury sedan can bring higher running costs if you prioritise efficiency and maintenance budget.

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 performance character, with a raised hood, quad exhaust outlets, exclusive 19-inch lighter-weight alloy wheels, and a more stealthy look than lesser IS models. It also includes triple-beam headlights, a navigation system, a surround-view monitoring system, and a 17-speaker Mark Levinson premium sound system. If you want the most distinctive and best-equipped version, this is the one to focus on.
• Powertrain: The IS 500 F Sport Performance uses a naturally aspirated 5.0-litre V8 with rear-wheel drive, an eight-speed Sport Direct Shift automatic transmission, and a limited-slip differential. It also offers Eco, Normal, Sport S, Sport+, and Custom drive modes, plus 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, adaptive cruise control with lane-centring assistance, and lane-departure warning. Some functions can react too aggressively in tighter curves or heavy city traffic.
• Infotainment: The system uses 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 litres per 100 kilometres 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, with the V8, the strongest performance character, and the richest equipment list. It suits you best if you value driving excitement, premium audio, and a more special-feeling luxury sedan over fuel efficiency.

The safety package is standard across the lineup, so you do not need to move up for core driver-assistance coverage.

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

This is a moderate market for selective buyers, so you should shop carefully and compare listings.

• Deal availability: 23.0% of listings are priced as good or great deals.
• Inventory: There are 61 listings available.
• Price trend: Prices have softened 6.47% compared with last year.

If you find a listing below $38,896 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 $39,899 CAD sits slightly below last year's $42,660 CAD.

That softer pricing suggests the market has become a bit more favourable for buyers, which can make future resale more competitive if you purchase at the right price. If values stabilise, a well-kept example bought near the lower end of the range should have a better chance of holding its appeal. Strong owner satisfaction also helps support demand when it comes time to sell.

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 brings driving assistance, collision warning and emergency braking, lane keep assist, collision-prevention technologies, blind spot monitoring, adaptive cruise control with lane-centring assistance, and lane-departure warning. The system is generally agreeable, but some functions can be intrusive or overly sensitive 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:

• 23.0% of listings are priced as good or great deals.
• Price trend: Prices have softened 6.47% compared with last year.
• Owners rate it 5/5 — a strong satisfaction signal.
• The 2022 brings a notable performance boost, including the debut of the IS 500 F Sport Performance.

Consider the 2021 if:

• At $38,112 CAD, the 2021 costs less than the current year's $39,899 CAD average.
• It launched the new generation with a sharper, more driver-oriented character.

The bottom line: You should lean toward the 2022 if you want the stronger performance story and a market that has softened from last year. If your priority is saving money upfront, the 2021 remains the value-oriented alternative.

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 has the edge on expert score, lower average used price, and more listings, while the Lexus stands out for its stronger user satisfaction and more distinctive performance character. If you want the better value on paper, the BMW is compelling; if you want the more emotional and enthusiast-focused choice, the Lexus makes a strong case.

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

These recommendations are based on CarGurus' proprietary market data from November 4, 2026, CarGurus experts' opinions, and generative AI.