Used Lexus IS for Sale near Port Dover, 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 $34,095 CAD, and its lowest point over the past year was $30,604 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 loyal owner following. 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, luxurious interiors, and strong build quality. Reliability and overall value also come up often, along with the car’s comfortable ride and engaging driving character.

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

The main trade-offs are the tight rear seat, limited cargo space, and fuel economy that can trail expectations in some versions. For shoppers who value driving enjoyment and premium feel over everyday practicality, the Lexus IS remains an appealing choice.

24.5% of listings are priced as good or great deals.

Are Lexus IS models reliable?

Owners and experts consistently describe the Lexus IS as well built, dependable, and satisfying to live with over time. The model’s reputation is reinforced by strong owner feedback across many years, especially for comfort, quality, and long-term confidence.

• 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, that points to a model with generally favourable long-term ownership risk, especially if you choose a well-maintained example with a clear service history.

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

Key things to evaluate:

• Safety package: Lexus Safety System+ 2.5 on 2022 models, with lane keep assist, adaptive cruise control with lane-centring assistance, blind spot monitoring, and collision warning and emergency braking.
• Infotainment: an 8-inch touchscreen with Apple CarPlay, Android Auto, Bluetooth, and SiriusXM satellite radio; the 2022 IS 500 also adds a 10.3-inch touchscreen and navigation.
• Fuel efficiency: the IS 500 isn’t particularly fuel-efficient, averaging 13.3 litres per 100 kilometres during evaluation, and that figure fell short of the 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:

• Lexus IS 300 RWD: the entry point for the lineup, with a standard turbo 2.0-litre four-cylinder engine and the core Lexus IS driving character.
• Lexus IS 350 F Sport: adds a robust 311-hp 3.5-litre V6 and is a satisfying sports sedan in its own right, making it the best-value choice for many shoppers.
• Lexus IS 500 F Sport Performance: 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 for buyers who want the most dramatic version.

What Lexus IS do most buyers choose?

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

These higher-volume years tend to attract the most attention because they give you more inventory to compare and more chances to find the right colour, trim, and equipment mix. They also tend to be the easiest years to shop if you want a newer Lexus IS with a broader selection of listings.

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’re shopping used. A few years are rising, though, so the market is not moving in one direction across the board.

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 −10.11% versus a year ago, and the 2024 model is at −0.52%.
• Deal availability: The 2025 model has 21.1% good and great deals, and the 2024 model has 20%.
• Sweet-spot year: The 2025 model has the most listings at a current average price of $54,953 CAD. The Lexus IS offers a sporty, stylish character that makes it appealing if you want a luxury sedan with personality.

Consider waiting if:

• Powertrain/efficiency: The IS 500 uses a normally aspirated 5.0-litre V8 with 472 hp and 395 lb-ft of torque, and Lexus claims 0 to 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, with lane keep assist, adaptive cruise control with lane-centring assistance, blind spot monitoring, and collision warning and emergency braking.
• Starting price: The base price is $72,900 CAD.

If you're buying used today, the 2025 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 20, 2026, CarGurus experts' opinions, and generative AI.