Used 2023 Lexus IS for Sale nearMontreal, QC

How much does the 2023 Lexus IS cost?

Prices have softened 2.14% compared to this time last year, making it a favourable time to shop this model year.

There are 79 listings available, which gives you a modest amount of choice in the 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 good handling and strong value for money. It fits best if you want a compact luxury sports sedan with driver appeal and a well-equipped cabin, especially if you rarely carry passengers. With 19.0% of listings marked as good or great deals, there is still some room to shop selectively.

Is the 2023 Lexus IS reliable?

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

Reviewers describe it as dependable and trouble-free in everyday use, with feedback that points to reliable performance and a car you can count on over time. That kind of owner confidence matters if you plan to keep the car for the long haul, because it suggests lower perceived ownership risk for used buyers.

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

This looks like a moderate, selective buyer’s market, so you can afford to be patient and compare listings carefully.

• Deal availability: 19.0% of listings are priced as good or great deals.
• Inventory: There are 79 listings available.
• Price trend: Prices have softened 2.14% compared with last year.

If you find a listing below $43,277 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 $44,319 CAD sits slightly below last year's $45,290 CAD.

That softer pricing suggests the market has eased a bit, which can help you buy more confidently now but may also temper short-term appreciation if you plan to resell soon. For a future seller, the current trend implies you should focus on buying well and keeping the car in strong condition so you have room to protect your exit value. Demand should remain supported by the model’s strong owner satisfaction and luxury-brand appeal.

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:

• 19.0% of listings are priced as good or great deals.
• Price trend: Prices have softened 2.14% compared with last year.
• Owners rate it 4.8/5 — a strong satisfaction signal.

Consider the 2022 if:

• At $39,944 CAD, the 2022 costs less than the current year's $44,319 CAD average.
• It adds a more performance-focused character with a standout V8 option.

The bottom line: Buy the 2023 if you want the newer pricing context, strong owner satisfaction, and a well-equipped compact luxury sedan that still feels current. If your priority is spending less up front, the 2022 is the better value path, especially if you want a more performance-oriented version of the IS.

These recommendations are based on CarGurus' proprietary market data from October 13, 2026, CarGurus experts' opinions, and generative AI.