Used 2024 Lexus IS for Sale near Unionville, ON

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 78 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 stands out as a compact luxury sports sedan that still leans into driver appeal. Lexus positions it as an entry-level model with comparatively low pricing and compact proportions, and it is aimed at younger buyers and people who do not often carry passengers.

That focus comes with a clear trade-off: the back seat is really tight, so it is less practical for families. It is a better fit if you want a sporty feel and a well-equipped cabin more than outright space or thrift.

21.8% of listings are priced as good or great deals, which gives you some room to shop selectively.

Is the 2024 Lexus IS reliable?

The 2024 Lexus IS benefits from the updated styling and technology introduced with the 2021 refresh, including Apple CarPlay and Android Auto, a touchscreen display, and standard Lexus Safety System+ features such as automatic emergency braking, pedestrian detection, lane departure warning, adaptive cruise control, automatic high beams, and lane trace assist.

It also includes standard NuLuxe synthetic leather seats, heated front seats, an eight-inch infotainment screen, passive entry, push-button start, dual automatic climate controls, and 18-inch wheels. Available upgrades include a 17-speaker Mark Levinson premium audio system, a power moonroof, and a 10.3-inch infotainment screen with navigation.

For used buyers, the main long-term ownership risk is that the car’s sporty, compact layout may not suit your needs if you expect family-friendly space or low running costs.

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: 21.8% of listings are priced as good or great deals.
• Inventory: There are 78 listings available.
• Price trend: Prices have held steady 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 $50,113 CAD sits slightly above last year's $49,877 CAD.

That small increase suggests the 2024 Lexus IS has held its value fairly well in the current market. For a future seller, that points to a model with steady demand rather than sharp depreciation. If you keep the car in good condition and price it in line with the market, you should have a reasonable chance of attracting interest without needing to discount heavily.

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:

• 21.8% of listings are priced as good or great deals.
• Price trend: Prices have held steady compared with last year.

The bottom line: The 2024 Lexus IS makes sense if you want the refreshed third-generation formula with a stable price trend and a sporty, compact luxury feel. If you are price-sensitive, a nearby model year may be worth considering, especially if you can find a lower-priced example with similar equipment and condition.

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