Used Lexus IS for Sale nearStratford, 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 $33,609 CAD, and its lowest point over the past year was $30,779 CAD. 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 reliability. 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 car’s balance of performance and comfort, along with its strong build quality and dependable character.

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

The main trade-offs that show up in recent expert coverage are tight rear-seat space, limited cargo room, and fuel economy that trails the car’s style and performance appeal.

24.8% 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, dependable character, and comfortable, well-finished cabin. The model’s long-running reputation for reliability is a major part of its appeal to used buyers.

• 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 is generally shaped more by the specific year, mileage, and maintenance history than by the model’s overall reputation.

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

Key things to evaluate:

• Safety package: Lexus Safety System+ 2.5 on the 2022 IS 500, with lane-departure warning, adaptive cruise control with lane-centring assistance, blind spot monitoring, and low-speed automatic braking.
• Infotainment: An 8-inch touchscreen with Apple CarPlay, Android Auto, Bluetooth, and SiriusXM satellite radio, plus a 10.3-inch touchscreen, navigation, and a 17-speaker Mark Levinson premium audio system on the IS 500.
• Fuel efficiency: The IS 500 averaged 13.3 litres per 100 kilometres during evaluation, and the official Natural Resources Canada fuel consumption rating was 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 gives you the standard turbo 2.0-litre four-cylinder engine and is the least expensive 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 stronger performance without stepping all the way up to the V8 model.
• IS 500 F Sport Performance: This trim brings the normally aspirated 5.0-litre V8, eight-speed automatic, limited-slip differential, adaptive variable suspension, Yamaha rear performance damper, triple-beam headlights, navigation, surround-view monitoring, 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.

Those higher-volume model years tend to be the easiest to shop because you get more inventory to compare, which can help you find the right colour, mileage, and equipment mix. They also give you a better chance of spotting a well-priced example among more listings.

What is the Lexus IS's resale value?

Most Lexus IS model years are down year over year, which creates more opportunity for used buyers to find value. A few years are moving up, so pricing is not falling uniformly across the lineup. The strongest downward moves are concentrated in older and recent model years alike, while a small number of years are still gaining value.

The 2020, 2015, and 2024 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 −7.54% versus a year ago, and the 2023 model is at −1.12%.
• Deal availability: The 2025 model has 15.1% good and great deals, and the 2023 model has 17.7%.
• Sweet-spot year: The 2023 model has the most listings at a current average price of $44,876 CAD. The Lexus IS offers a sporty, stylish character with a luxurious interior and a strong reputation for build quality.

Consider waiting if:

• Powertrain/efficiency: The IS 500’s 5.0-litre V8 makes 472 hp and 395 lb-ft of torque, and Lexus claims 0 to 60 mph in 4.4 seconds.
• Tech: The latest model includes an 8-inch touchscreen, Apple CarPlay, Android Auto, Bluetooth, SiriusXM satellite radio, a 10.3-inch touchscreen, navigation, and a 17-speaker Mark Levinson premium audio system.
• Safety: Lexus Safety System+ 2.5 is standard on all 2022 IS models, with lane-departure warning, adaptive cruise control with lane-centring assistance, blind spot monitoring, and low-speed automatic braking.
• Starting price: The 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 6, 2026, CarGurus experts' opinions, and generative AI.