Used 2023 Lexus IS for Sale nearEdmonton, AB

How much does the 2023 Lexus IS cost?

Prices have softened 2.97% compared to this time last year, making it a favourable time to shop this model year.

There are 78 listings available, which gives you a modest amount of choice in the used market.

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 you best if you want a compact luxury sports sedan with a driver-focused feel and a premium badge, especially if you rarely carry passengers. With 19.2% of listings marked as good or great deals, there is some room to shop selectively.

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 reviewers highlighting the car’s smooth performance and overall quality. That kind of long-term confidence matters if you want a used luxury sedan you can count on.

For used buyers, the main long-term ownership risk is less about outright reliability and more about living with the car’s tighter packaging and premium-car running costs.

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 listings.

• Deal availability: 19.2% of listings are priced as good or great deals.
• Inventory: There are 78 listings available.
• Price trend: Prices have softened 2.97% compared with last year.

If you find a listing below $43,273 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 $43,739 CAD sits slightly below last year's $45,079 CAD.

That softer pricing suggests the model is holding value reasonably well, but not aggressively appreciating in the used market. If you buy now, you may benefit from a more favourable entry price than a seller saw a year ago. For a future seller, that means resale should remain supported as long as the car stays clean, well maintained, and competitively priced against similar luxury sedans.

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:

• 19.2% of listings are priced as good or great deals.
• Price trend: Prices have softened 2.97% compared with last year.
• Owners rate it 4.8/5 — a strong satisfaction signal.

Consider the 2022 if:

• At $39,885 CAD, the 2022 costs less than the current year's $43,739 CAD average.
• It adds a more performance-focused edge.

The bottom line: Choose the 2023 if you want the newer price trend and strong owner satisfaction in a compact luxury sedan. If you are more price-sensitive, the 2022 is the better value path and may suit you if performance matters more than paying the current-year average.

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 3, 2026, CarGurus experts' opinions, and generative AI.