Used Lexus IS for Sale near Parkhill, 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 $34,702 CAD, and its lowest point over the past year was $30,691 CAD. That gives you a useful snapshot of where pricing has settled recently for this model. Recently, prices have come down for the 2023 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 4.61/5 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 of performance and comfort, along with reliability and excellent build quality. Expert and owner feedback also points to the model’s stylish character and fun-to-drive personality.

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

The main trade-offs that come up most often are tight rear-seat space, limited cargo room, and fuel economy that trails the rest of the package in some versions.

25.2% of listings are priced as good or great deals.

Are Lexus IS models reliable?

Owners and experts consistently praise the Lexus IS for its reliability, strong build quality, and polished everyday feel. The model’s reputation is reinforced by owner feedback that repeatedly points to dependable performance and a well-finished cabin.

• Owners rate the Lexus IS between 3.0 and 5.0 out of 5 stars across all model years in the data.

For used buyers, long-term ownership risk looks manageable if you choose a well-kept example and verify service history.

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

Key things to evaluate:

• Safety package: Lexus Safety System+ 2.5
• Infotainment: 8-inch touchscreen with Apple CarPlay, Android Auto, Bluetooth, and SiriusXM satellite radio
• Fuel efficiency: 13.3 litres per 100 kilometres during evaluation; official Natural Resources Canada fuel consumption rating of 11.9 L/100 km in combined driving

Which Lexus IS trim should I buy?

The 2022 Lexus IS offers these trims:

• IS 300 RWD: The entry rear-wheel-drive version uses a 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 and is the best-value trim for shoppers who want a stronger performance balance.
• IS 500 F Sport Performance: This trim brings the 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, triple-beam headlights, a navigation system, a surround-view monitoring system, and a 17-speaker Mark Levinson premium sound system.

What Lexus IS do most buyers choose?

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

These higher-volume years tend to be the easiest places to shop because you get more inventory to compare and a better chance of finding the colour, trim, and price combination you want. They also tend to attract more attention from shoppers, which helps keep the selection active.

What is the Lexus IS's resale value?

Most Lexus IS model years are moving lower year over year, which can work in your favour if you are shopping used. A few years are holding close to flat or rising, so pricing is not moving in one direction across the whole lineup. The sharpest drops are concentrated in several older and newer years alike, which creates opportunities if you are flexible on model year.

The 2024 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?

• 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 −9.94% versus a year ago, and the 2023 model is at −2.14%.
• Deal availability: The 2025 model has 21.3% good and great deals, and the 2023 model has 19%.
• Sweet-spot year: The 2023 model has the most listings at a current average price of $44,319 CAD. The Lexus IS offers a sporty, stylish character that makes it appealing if you want a luxury sedan with a more engaging feel.

Consider waiting if:

• Powertrain/efficiency: The latest model pairs a normally aspirated 5.0-litre V8 with 472 hp and 395 lb-ft of torque.
• Tech: The latest model adds a 10.3-inch touchscreen, a navigation system, and a 17-speaker Mark Levinson premium audio system.
• Safety: The latest model includes Lexus Safety System+ 2.5, adaptive cruise control with lane-centring assistance, and blind spot monitoring.
• Starting price: The latest model’s base price is $72,900 CAD.

If you're buying used today, the 2023 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.

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