Used 2023 Lexus IS for Sale nearChilliwack, BC

How much does the 2023 Lexus IS cost?

Prices have softened 4.41% compared to this time last year, making it a favourable time to shop this model year.

There are 75 listings available, which suggests a modest amount of inventory for shoppers to compare.

Is the 2023 Lexus IS a good car?

Yes — the 2023 Lexus IS earns a 4.8/5 user rating, which points to strong owner satisfaction. Owners consistently praise its sporty design, smooth performance, and luxurious interior, and many also highlight its great handling and good value for money. It fits especially well if you want a compact luxury sports sedan that prioritises driving enjoyment and everyday comfort, though its tight back seat makes it less convincing if you regularly carry passengers. With 20% of listings marked as good or great deals, there is still some room to shop carefully.

Is the 2023 Lexus IS reliable?

Owners rate it 4.8/5, a strong signal of long-term satisfaction.

The owner feedback also points to a dependable, trouble-free ownership experience, with praise for its smooth performance and overall quality. For used buyers, that kind of long-term confidence can reduce the risk of unpleasant surprises, especially if you choose a well-maintained example.

Is now a good time to buy a used 2023 Lexus IS?

This looks like a moderate, selective buyer’s market, so you can shop patiently and still find worthwhile opportunities.

• Deal availability: 20% of listings are priced as good or great deals.
• Inventory: There are 75 listings available.
• Price trend: Prices have softened 4.41% compared with last year.

If you find a listing below $43,276 CAD, that's toward the low end of the year-round range and worth acting on quickly.

What is the 2023 Lexus IS's resale value?

The current average of $43,580 CAD sits slightly below last year's $45,592 CAD.

That softer pricing suggests the market has eased a bit, which can be helpful if you are buying now but may temper short-term gains if you plan to resell soon. Even so, the model’s strong owner satisfaction and premium badge help support demand among used shoppers. If the car continues to hold its appeal as a sporty, well-equipped compact luxury sedan, that should help it remain competitive in the resale market.

Vehicles with strong owner satisfaction ratings, like this model year's 4.8/5, tend to retain buyer demand, which supports resale value over time.

Should I buy a 2023 Lexus IS or consider a different year?

If you're weighing the 2023 against nearby model years, here's how to think about it:

Choose the 2023 if:

• 20% of listings are priced as good or great deals.
• Price trend: Prices have softened 4.41% compared with last year.
• Owners rate it 4.8/5 — a strong satisfaction signal.

Consider the 2022 if:

• At $40,301 CAD, the 2022 costs less than the current year's $43,580 CAD average.
• It adds a more performance-focused edge with a stronger enthusiast appeal.

The bottom line: Choose the 2023 if you want the newer pricing context, strong owner satisfaction, and a well-equipped compact luxury sedan with broad appeal. If your priority is saving money upfront, the 2022 is the better value play, especially if you like its more performance-oriented personality.

How does the 2023 Lexus IS compare to the 2023 BMW 3 Series?

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.