Used Lexus IS for Sale near Paradise Hill, SK

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 $33,721 CAD, and its lowest point over the past year was $30,659 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 choice if you want a sporty luxury sedan with a polished feel and a reputation for reliability. 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. Reliability and strong build quality also come up often, along with the car’s fun-to-drive character and overall value.

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

The main trade-offs are limited rear-seat space, limited cargo room, and fuel economy that can be poor in some versions.

26.9% 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, reliable character, and premium feel. The model’s reputation for durability and long-term dependability is a recurring theme across the data.

• 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 looks manageable if you keep up with maintenance and choose a well-kept example.

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, 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, plus wireless Apple CarPlay and Android Auto.

Which Lexus IS trim should I buy?

The 2026 Lexus IS offers these trims:

• IS 350 F Sport Design: The entry point to the lineup, with the 3.5-litre V6, standard AWD, and the core IS driving character. It suits you if you want the least expensive way into the updated model.
• IS 350 F Sport 2: Adds the same performance foundation as the F Sport Design, while moving you further up the trim ladder for a more feature-rich setup.
• IS 350 F Sport 3: The best-value trim for shoppers who want the sharper performance hardware, including the performance-tuned adaptive suspension, Sport+ drive mode, and forged aluminium wheels.
• IS 350 Special Appearance Package: The most exclusive version, combining the performance-tuned adaptive suspension, Sport+ drive mode, and forged aluminium wheels with limited-production appeal.

What Lexus IS do most buyers choose?

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

These higher-volume model 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 close to the sweet spot between newer features and used-car value.

What is the Lexus IS's resale value?

Most Lexus IS model years are down year over year, which can work in your favour if you’re shopping used. The biggest drops are concentrated in the newer and mid-cycle years, while a few older examples are moving up slightly.

The 2015 model year is holding steady, with prices close to flat year-over-year.

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?

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

For 2026, the IS upgrades to Lexus Safety System+ 3.0, which adds adaptive cruise control, lane centring assist, blind spot monitoring, rear cross-traffic alert, and several other driver-assistance features.

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 −11.17% versus a year ago, and the 2024 model is at −1.58%.
• Deal availability: The 2025 model has 24% good and great deals, and the 2024 model has 23.4%.
• Sweet-spot year: The 2024 model has the most listings at a current average price of $48,980 CAD. The Lexus IS offers a sporty, premium driving character that makes it appealing even when you’re shopping used.

Consider waiting if:

• Powertrain/efficiency: The latest IS uses a 3.5-litre V6 with 311 horsepower and 280 pound-feet of torque, returns 12.4 L/100 km in city driving and 10.8 L/100 km combined, and routes power through a six-speed automatic transmission to standard AWD in Canada.
• Tech: The latest model adds two 12.3-inch displays, the Lexus Interface infotainment system, wireless Apple CarPlay and Android Auto, and an available 1,800-watt, 17-speaker Mark Levinson audio system.
• Safety: The latest model adds Lexus Safety System+ 3.0 with adaptive cruise control, lane centring assist, evasive steering assist, traffic sign recognition, Proactive Driving Assist, and available traffic jam assist.
• Starting price: The latest model starts at $59,060 CAD including destination.

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 2026 Lexus IS compare to the 2025 BMW 3 Series?

Expert Pros & Cons (per CarGurus review team)

2026 Lexus IS:

• Pros: Fun to drive, Premium interior materials, Good reliability track record.
• Cons: Poor fuel economy, Not much cargo space, Incomplete safety ratings.

2025 BMW 3 Series:

• Pros: Fun to drive, Easy-to-use technology, Great safety ratings.
• Cons: Snug interior, Front seat comfort on longer trips, hot days, Confusing, inconsistent names for technology.

Our experts score the 2026 Lexus IS 6.8/10 and the 2025 BMW 3 Series 8/10. The Lexus leans into premium materials and a strong reliability reputation, while the BMW counters with easier technology and stronger safety ratings. If you care most about fuel economy and cabin space, the BMW’s specs and pros give it the edge, but the Lexus still stands out for its driving feel and upscale interior.

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

These recommendations are based on CarGurus' proprietary market data from October 27, 2026, CarGurus experts' opinions, and generative AI.