New Lexus IS for Sale near Eganville, 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 $35,343 CAD, and its lowest point over the past year was $30,426 CAD. Recently, prices have eased on the 2025 models, while other recent model years have held firm or risen.

Is the Lexus IS a good car?

Yes — the Lexus IS is a strong used luxury-sedan choice if you want sporty character, a polished cabin, and a reputation for durability. The all-generations owner rating is 4.61/5 across every model year in the data.

Owners consistently praise the Lexus IS for its stylish design, smooth handling, and luxurious interiors. Reviewers also repeatedly highlight its balance of performance and comfort, along with reliability and solid build quality.

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

The main trade-offs are tight rear-seat space, limited cargo room, and fuel economy that trails the car’s stronger points. For used buyers, that means the Lexus IS makes the most sense if you value driving enjoyment and premium feel over everyday practicality.

28.3% of listings are priced as good or great deals.

Are Lexus IS models reliable?

Owners and experts consistently praise the Lexus IS for its build quality, dependable feel, and long-term appeal. The model’s sporty design and refined driving character also come through again and again in owner feedback.

• 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 with a clean service history and a careful pre-purchase inspection.

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 standard turbo 2.0-litre four-cylinder engine and suits buyers who want the Lexus IS experience at the lower end of the range.
• IS 350 F Sport: This trim adds a robust 311-hp 3.5-litre V6 engine and is the best-value choice for shoppers who want stronger performance without moving to the top performance model.
• IS 500 F Sport Performance: This trim brings the normally aspirated 5.0-litre V8, eight-speed automatic transmission, 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 2024, 2023, and 2025.

The highest-volume years tend to be the most popular because they give you more inventory to compare and more chances to find the right colour, trim, and price. They also usually reflect the model years shoppers are cross-shopping most actively.

What is the Lexus IS's resale value?

Most Lexus IS model years are down year over year, which can create better opportunities for used buyers. A few recent and mid-cycle years are holding close to flat or rising, showing that demand remains strong for the most desirable versions.

The 2023 and 2024 model years are holding steady, with prices close to flat year-over-year.

The 2020, 2015, and 2023 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 −6.28% versus a year ago, and the 2022 model is at −6.28%.
• Deal availability: The 2025 model has 17.1% good and great deals, and the 2022 model has 31.9%.
• Sweet-spot year: The 2024 model has the most listings at a current average price of $49,452 CAD. The Lexus IS offers a sporty, polished driving character that gives it a distinctive premium-sedan feel.

Consider waiting if:

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

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.

These recommendations are based on CarGurus' proprietary market data from September 29, 2026, CarGurus experts' opinions, and generative AI.