Used Lexus IS for Sale near Alexandria, ON

How much does the Lexus IS cost in today's market?

Used Lexus IS prices span a wide range depending on model year. Here's what the market looks like right now:

The Lexus IS's current nationwide average price is $34,439 CAD, and its lowest point over the past year was $30,691 CAD. Recently, prices have come down for the 2023, 2024, and 2025 models, making now a good time to shop recent model years.

Is the Lexus IS a good car?

Yes — the Lexus IS is a strong used pick if you want a sporty luxury sedan with a polished feel and a reputation for solid build quality. The all-generations owner rating is 4.6/5 across every model year in the data.

Owners consistently praise the Lexus IS for its sporty design, smooth handling, and luxurious interiors. They also frequently highlight the balance between performance and comfort, along with reliability and excellent build quality.

Expert reviews rate the 2022 and 2021 models among the highest across all years.

The main trade-offs across recent expert-tested years centre on tight rear-seat space, limited cargo room, and fuel economy that trails the car’s style and performance appeal.

26.1% of listings are priced as good or great deals.

Are Lexus IS models reliable?

Owners consistently describe the Lexus IS as a stylish, fun-to-drive luxury sedan with strong build quality and a refined feel. Expert commentary also points to comfort, dependability, and a well-finished cabin as recurring strengths.

• Owners rate the Lexus IS between 3 and 5 out of 5 stars across all model years in the data.

For used buyers, long-term ownership risk is generally shaped more by mileage, maintenance history, and trim complexity than by the model’s core reputation.

What should I look for when buying a used Lexus IS?

Key things to evaluate:

• Fuel efficiency: The IS 500 isn’t particularly fuel-efficient, averaging 13.3 litres per 100 kilometres during our evaluation, and that figure fell short of the official Natural Resources Canada fuel consumption rating of 11.9 L/100 km in combined driving.
• Infotainment: Lexus switched to a touchscreen infotainment display for the 2021 model year, and the IS 500 Premium’s dynamic voice command system is also outstanding.

Which Lexus IS trim should I buy?

The 2022 Lexus IS offers these trims:

• IS 300 RWD: The entry-level rear-wheel-drive version uses a standard turbo 2.0-litre four-cylinder engine and suits you if you want the most accessible way into the lineup.
• IS 350 F Sport: This trim adds a robust 311-hp 3.5-litre V6 engine and is described as a satisfying sports sedan in its own right, making it the best-value choice for many shoppers.
• IS 500 F Sport Performance: This version brings a normally aspirated 5.0-litre V8, rear-wheel drive, an eight-speed automatic, a limited-slip differential, adaptive variable suspension, a Yamaha rear performance damper, upgraded brakes, triple-beam headlights, a navigation system, a surround-view monitoring system, and a 17-speaker Mark Levinson premium sound system for buyers who want the most dramatic performance and equipment.

What Lexus IS do most buyers choose?

The Lexus IS years with the most listings are 2024, 2025, and 2023.

These higher-volume years tend to be the most popular used picks because they give you more inventory to compare and more chances to find the right colour, trim, and price. They also usually reflect the model years shoppers are cross-shopping most actively, which helps keep selection broad.

What is the Lexus IS's resale value?

Most Lexus IS model years are down year over year, which is good news if you’re shopping used and want more room to negotiate. The biggest drops are concentrated in the newer and mid-cycle years, while a few older years are moving up slightly. Overall, the table points to a market where many buyers can find softer pricing than they saw a year ago.

The 2020, 2018, and 2015 model years have held their value best, with prices flat to rising year-over-year.

Is the Lexus IS safe?

• 2022: 8/10
• 2021: 7/10

Lexus Safety System+ 2.5 is standard on all 2022 IS models.

For the safest used buy, the 2022 model posts the highest confirmed score of 8/10.

Should I buy a used Lexus IS now or wait for the next model?

Buy now if:

• Price trend: The 2025 model is at −10.72% versus a year ago, and the 2024 model is at −1.25%.
• Deal availability: The 2025 model has 25.7% good and great deals, and the 2024 model has 21.1%.
• Sweet-spot year: The 2024 model has the most listings at a current average price of $49,619 CAD. The Lexus IS offers a sporty, stylish character with a refined cabin and a strong reputation for build quality.

Consider waiting if:

• Powertrain/efficiency: The IS 500’s normally aspirated 5.0-litre V8 makes 472 hp and 395 lb-ft of torque, and Lexus says it can hit 60 mph in 4.4 seconds.
• Tech: Standard features include an 8-inch touchscreen, Apple CarPlay, Android Auto, Bluetooth, and SiriusXM satellite radio.
• Safety: Lexus Safety System+ 2.5 is standard on all 2022 IS models, and it includes lane keep assist, adaptive cruise control with lane-centring assistance, blind spot monitoring, and collision-prevention technologies.
• Starting price: The base price is $72,900 CAD.

If you're buying used today, the 2024 model year offers the best mix of value and availability. If you want the latest tech and features, it may be worth waiting for the next model year's inventory to build up.

How does the 2022 Lexus IS compare to the 2022 BMW 3 Series?

Our experts score the 2022 Lexus IS 8.2/10 and the 2022 BMW 3 Series 8.7/10. The Lexus IS leans harder into character, with a V8-powered performance flagship and a more distinctive enthusiast feel. The BMW 3 Series brings stronger overall efficiency and a broader used-market presence, while the Lexus counters with a more dramatic engine choice and a higher share of good and great deals.

Read our full side-by-side expert comparison here.

These recommendations are based on CarGurus' proprietary market data from October 21, 2026, CarGurus experts' opinions, and generative AI.