Used 2024 Lexus IS for Sale nearBurlington, ON

How much does the 2024 Lexus IS cost?

Prices have softened 2.89% compared to this time last year, making it a favourable time to shop this model year.

There are 77 listings available, which gives you a modest amount of inventory to compare before you buy.

Is the 2024 Lexus IS a good car?

The 2024 Lexus IS is positioned as a compact luxury sports sedan with a driver-focused character, comparatively low pricing, and compact proportions. It is described as a fun-to-drive sedan aimed at younger buyers, and it brings a well-equipped cabin with useful technology and a strong safety list.

For you, that means the IS makes the most sense if you want a premium badge, sporty feel, and a smaller sedan footprint rather than maximum passenger or cargo space. The model’s tight back seat makes it less practical for families, but its overall formula is appealing if driving enjoyment matters more than rear-seat room.

With 19.5% of listings marked as good or great deals, you have a reasonable chance of finding a competitively priced example.

Is the 2024 Lexus IS reliable?

The 2024 Lexus IS builds on the third-generation formula and benefits from a mature platform with a long list of standard equipment. It is described as easy to use and well equipped, with features such as Lexus Safety System+ and standard blind spot monitoring and rear cross-traffic alert.

For used buyers, that kind of established design can help reduce uncertainty compared with a newer or less proven model. Long-term ownership risk should be manageable if you prioritise a well-maintained example and stay on top of routine service.

Is now a good time to buy a used 2024 Lexus IS?

This looks like a moderate, selective buyer’s market, so you can afford to shop carefully and wait for the right listing.

• Deal availability: 19.5% of listings are priced as good or great deals.
• Inventory: There are 77 listings available.
• Price trend: Prices have softened 2.89% compared with last year.

If you find a listing below $45,772 CAD, that's toward the low end of the year-round range and worth acting on quickly.

What is the 2024 Lexus IS's resale value?

The current average of $47,835 CAD sits slightly below last year's $49,258 CAD.

That price movement suggests the market has eased a bit, which can help you as a buyer today but may temper what you recover later as a seller. If you plan to resell in a few years, the current trend points to a value curve that is stable but not rising. A clean, well-optioned example should still hold appeal, especially because the IS has a clear identity as a compact luxury sports sedan.

Should I buy a 2024 Lexus IS or consider a different year?

If you're weighing the 2024 against nearby model years, here's how to think about it:

Choose the 2024 if:

• 19.5% of listings are priced as good or great deals.
• Price trend: Prices have softened 2.89% compared with last year.

The bottom line:
The 2024 is a sensible choice if you want the current-year version of the IS with a solid mix of equipment, a sporty personality, and a market that has softened a bit. If your priority is stretching your budget further, a nearby older year may be worth a look, but the 2024 is the cleaner pick if you want to balance value with the latest model-year availability.

How does the 2024 Lexus IS compare to the 2024 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.