Used 2024 Lexus IS for Sale nearEdmonton, AB

How much does the 2024 Lexus IS cost?

Prices have held steady compared to this time last year, signaling a stable and predictable market for this model year.

There are 71 listings available, which suggests a modest amount of inventory for shoppers to compare.

Is the 2024 Lexus IS a good car?

The 2024 Lexus IS is a compact luxury sports sedan that appeals to you if you want a fun-to-drive feel in an entry-level Lexus package. It is positioned as the brand’s entry-level model, with comparatively low pricing and compact proportions, and it is especially suited to young professionals or drivers who rarely carry passengers. Its mix of standard luxury and safety equipment, including passive entry, push-button start, an eight-inch infotainment screen, dual automatic climate controls, Bluetooth, and standard advanced safety features, gives it a well-equipped feel for the segment.

If you value sharp styling, a sporty character, and a well-equipped cabin in a smaller luxury sedan, this model fits that brief well. The market also shows 14.1% of listings as good or great deals, which gives you some room to shop selectively.

Is the 2024 Lexus IS reliable?

The 2024 Lexus IS has a reputation for being reliable, which helps explain why used examples tend to hold their value well. That reliability reputation is part of what makes it appealing if you want a compact luxury sedan with a strong ownership track record and a clear identity.

For used buyers, the long-term ownership risk is generally lower than you might expect for a sporty luxury sedan, though you should still weigh the usual wear-and-tear concerns that come with any higher-priced used vehicle.

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

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

• Deal availability: 14.1% of listings are priced as good or great deals.
• Inventory: There are 71 listings available.
• Price trend: Prices have held steady compared with last year.

If you find a listing below $45,778 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 $49,419 CAD sits slightly below last year's $49,785 CAD.

That small decline suggests the market has been fairly stable, which is a positive sign if you plan to sell later. It also means the 2024 Lexus IS is still holding close to its recent value range rather than showing a sharp drop. For a future seller, that points to predictable pricing rather than a volatile resale picture.

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:

• 14.1% of listings are priced as good or great deals.
• Price trend: Prices have held steady compared with last year.

The bottom line: If you want the current-year version of this compact luxury sedan and you value its sporty character, well-equipped cabin, and stable pricing, the 2024 is the straightforward choice. If you are more price-sensitive, a nearby model year may give you a similar ownership experience while helping you stretch your budget further.

These recommendations are based on CarGurus' proprietary market data from September 22, 2026, CarGurus experts' opinions, and generative AI.