Used Lexus IS for Sale nearSummerside, PE

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 $34,509 CAD, and its lowest point over the past year was $30,825 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, and luxurious interior. Reliability and build quality also come up often, along with the car’s balance of performance and comfort.

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 be poor in some versions.

26.2% of listings are priced as good or great deals.

Are Lexus IS models reliable?

Owners and experts consistently highlight the Lexus IS’s reliability, strong build quality, and premium feel. The model also earns praise for its smooth handling, sporty character, and overall durability.

• 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 when you choose a well-maintained example and stay current on service.

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

Key things to evaluate:

• Safety package: Lexus Safety System+ with adaptive cruise control, forward collision warning, pedestrian detection, automatic emergency braking, lane departure warning, lane trace assist, blind spot monitoring, and rear cross-traffic alert.
• Infotainment: Apple CarPlay and Android Auto, plus the available 10.3-inch infotainment screen with navigation.

Which Lexus IS trim should I buy?

The 2026 Lexus IS offers these trims:

• F Sport Design: The entry point in the lineup, with the 3.5-litre V6, standard AWD, NuLuxe artificial leather, and the redesigned 12.3-inch digital cluster and 12.3-inch touchscreen. It suits you if you want the core IS experience with the strongest value.
• F Sport 2: Adds more performance focus while keeping the same mechanical setup as the F Sport Design. It suits buyers who want a step up in sport appearance and equipment.
• F Sport 3: Adds a performance-tuned adaptive suspension, Sport+ drive mode, and forged aluminium wheels. This is the best-value trim if you want the sharpest driving character.
• Special Appearance Package: Adds the same performance hardware as the F Sport 3, plus limited-production styling treatment. It suits buyers who want the most distinctive version.

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 to shop because you get more inventory to compare and a broader spread of prices and equipment. They also line up with the newer third-generation models, which many buyers prefer for their updated technology and safety features.

What is the Lexus IS's resale value?

Most Lexus IS model years are down year over year, which is good news if you’re shopping used and want more room to negotiate. A few older years are flat or rising, showing that some versions continue to hold value better than others.

The 2015 and 2018 model years are 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 adds adaptive cruise control, lane centring assist, evasive steering assist, traffic sign recognition, and Proactive Driving Assist.

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 −7.84% versus a year ago, and the 2024 model is at −1.53%.
• Deal availability: The 2025 model has 21.7% good and great deals, and the 2024 model has 19.5%.
• Sweet-spot year: The 2023 model has the most listings at a current average price of $43,739 CAD. The Lexus IS offers a sporty, premium driving character that makes it appealing if you want a compact luxury sedan with personality.

Consider waiting if:

• Powertrain/efficiency: The 2026 Lexus IS uses a 3.5-litre V6 with 311 horsepower and 280 pound-feet of torque, and Natural Resources Canada rates it at 12.4 litres per 100 kilometres in city driving and 8.9 on the highway.
• Tech: The latest model adds two 12.3-inch displays, the Lexus Interface infotainment system, wireless Apple CarPlay, and Android Auto.
• Safety: The latest model adds Lexus Safety System+ 3.0 with Proactive Driving Assist, lane centring assist, evasive steering assist, and traffic sign recognition.
• Starting price: The 2026 Lexus IS starts at $59,060 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.

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 asks more but delivers a stronger value story for buyers who prioritise its character and premium feel. The Lexus also has fewer listings, so the BMW gives you more inventory to shop.

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

These recommendations are based on CarGurus' proprietary market data from November 3, 2026, CarGurus experts' opinions, and generative AI.