Used Lexus IS for Sale near Noelville, 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 $34,411 CAD, and its lowest point over the past year was $30,696 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 pick if you want a compact luxury sedan with a sporty personality and a premium feel. 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, luxurious interiors, and strong build quality. Reliability and overall value also come up often, especially alongside the car’s balanced mix of comfort and performance.

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

The main trade-offs are a tight rear seat, limited cargo space, and fuel economy that can trail expectations in some versions. Those are worth weighing if you want a practical daily driver, but they do not overshadow the IS’s appeal as a stylish, engaging luxury sedan.

27.3% of listings are priced as good or great deals.

Are Lexus IS models reliable?

Owners and experts consistently point to the Lexus IS’s strong build quality, premium feel, and dependable character. The model’s reputation for reliability shows up repeatedly in owner feedback, along with praise for its smooth handling and durable interior materials.

• 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 maintenance history and model-year condition than by the nameplate itself.

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

Key things to evaluate:

• Safety package: Lexus Safety System+ 3.0 with adaptive cruise control, forward collision warning, pedestrian/cyclist/motorcyclist detection, automatic emergency braking, intersection/oncoming vehicle assist, lane departure warning, lane keep assist, lane centring assist, evasive steering assist, traffic sign recognition, high beam assist, blind spot monitoring, and rear cross-traffic alert.
• Infotainment: Two 12.3-inch displays with the latest Lexus Interface infotainment system software, plus wireless Apple CarPlay and Android Auto.

Which Lexus IS trim should I buy?

The 2026 Lexus IS offers these trims:

• F Sport Design: The entry point to the 2026 lineup, with the 3.5-litre V6 and standard AWD; a good-value starting point if you want the core IS experience.
• F Sport 2: Adds more performance focus while keeping the same mechanical setup as the F Sport Design.
• F Sport 3: The best-value trim for shoppers who want the most complete performance package, adding a performance-tuned adaptive suspension, Sport+ drive mode, and forged aluminium wheels.
• Special Appearance Package: A limited-production version that also adds the performance-tuned adaptive suspension, Sport+ drive mode, and forged aluminium wheels, with extra visual distinction.

What Lexus IS do most buyers choose?

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

These higher-volume years tend to be popular because they give you more inventory to compare, which can make it easier to find the right colour, trim, and price. They also often sit in the sweet spot between newer features and more accessible pricing.

What is the Lexus IS's resale value?

Most Lexus IS model years are down year over year, which can create better opportunities for used buyers. A few older years are holding steady or rising, showing that some versions continue to command solid demand. Overall, the pattern favours shoppers looking for recent-model value.

The 2018 model year is holding steady, with prices close to flat year-over-year.

The 2020, 2014, and 2018 model years have held their value best, with prices flat to rising year-over-year.

Is the Lexus IS safe?

• 2026: 6/10
• 2022: 8/10
• 2021: 7/10

For 2026, the Lexus Safety System+ 3.0 suite is standard and includes adaptive cruise control, lane centring assist, blind spot monitoring, rear cross-traffic alert, and more.

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 −7.42% versus a year ago, and the 2024 model is at −1.68%.
• Deal availability: The 2025 model has 28% good and great deals, and the 2024 model has 23.5%.
• Sweet-spot year: The 2024 model has the most listings at a current average price of $48,393 CAD. The Lexus IS offers a sporty, premium driving character that makes it appealing even when you are shopping used.

Consider waiting if:

• Powertrain/efficiency: The latest IS pairs a 3.5-litre V6 with 311 horsepower and 280 pound-feet of torque, plus a six-speed automatic transmission and 10.8 L/100 km combined fuel consumption.
• Tech: The latest model adds two 12.3-inch displays, the Lexus Interface infotainment system, and wireless Apple CarPlay and Android Auto.
• Safety: The latest model adds Lexus Safety System+ 3.0 with lane centring assist, evasive steering assist, traffic sign recognition, and Proactive Driving Assist.
• Starting price: The latest IS starts at $59,060 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 BMW brings more power, better fuel economy, and a lower average used price, while the Lexus counters with a stronger value proposition for shoppers who want a more distinctive luxury sports sedan. The Lexus also has fewer listings than the BMW, so the 3 Series gives you more inventory to shop from.

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

These recommendations are based on CarGurus' proprietary market data from November 4, 2026, CarGurus experts' opinions, and generative AI.