New Lexus IS for Sale near Lefroy, 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 $35,283 CAD, and its lowest point over the past year was $30,785 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 stylish, fun-to-drive luxury sedan that consistently earns strong owner praise for its sporty design, smooth handling, and premium interior feel. The all-generations owner rating is 4.6/5 across every model year in the data.

Owners repeatedly highlight the IS's balance of performance and comfort, along with its reliability and solid build quality. The model also gets frequent praise for its luxurious cabin 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 be a concern in some versions. For shoppers who want a compact luxury sedan with personality, the Lexus IS makes a strong case.

28.1% of listings are priced as good or great deals.

Are Lexus IS models reliable?

Owners and experts consistently praise the Lexus IS for its strong build quality, premium feel, and dependable long-term character. Across the model years in the data, it stands out as a luxury sedan that combines sporty driving manners with a reputation for durability.

• Owners rate the Lexus IS between 3 and 5 out of 5 stars across all model years in the data.

For used buyers, the long-term ownership picture looks reassuring, 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+ with adaptive cruise control, automatic emergency braking, lane departure warning, and lane trace assist.
• Infotainment: Apple CarPlay and Android Auto with the touchscreen infotainment system.

Which Lexus IS trim should I buy?

The 2026 Lexus IS offers these trims:

• F Sport Design: The entry point to the 2026 lineup, with the IS 350's 3.5-litre V6, standard AWD, and the core luxury-sport setup. It suits you if you want the IS experience with the lowest starting point.
• F Sport 2: Adds more performance focus while keeping the same mechanical foundation as the F Sport Design. This is the best-value trim if you want a stronger feature set without moving to the top package.
• F Sport 3: Adds a performance-tuned adaptive suspension, Sport+ drive mode, and forged aluminium wheels for a sharper driving feel.
• Special Appearance Package: Adds the same performance-tuned adaptive suspension, Sport+ drive mode, and forged aluminium wheels, along with limited-production exclusivity.

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 be the most popular used picks because they give you the broadest selection of listings and the newest versions of the IS formula. They also tend to attract shoppers who want a newer model year while still keeping plenty of choice on the market.

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 to benefit from softer pricing. A few older years are moving in the opposite direction, showing that some versions are still holding value or rising. Overall, the pattern favours buyers looking for a more affordable entry point into the IS lineup.

The 2018 model year is holding steady, with prices close to flat year-over-year.

The 2020, 2014, and 2018 model years have held their value best, with the smallest year-over-year price changes.

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 includes adaptive cruise control, automatic emergency braking, lane keep assist, lane centring assist, blind spot monitoring, rear cross-traffic alert, and more.

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 −6.82% versus a year ago, and the 2024 model is at −2.89%.
• Deal availability: The 2025 model has 21.3% good and great deals, and the 2024 model has 19.5%.
• Sweet-spot year: The 2025 model has the most listings at a current average price of $53,849 CAD. The Lexus IS offers a sporty, premium driving character that makes it appealing even before you start comparing trims and features.

Consider waiting if:

• Powertrain/efficiency: The latest 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, 8.9 on the highway, and 10.8 combined.
• Tech: The latest IS adds two 12.3-inch displays, the Lexus Interface infotainment system, wireless Apple CarPlay, and wireless Android Auto.
• Safety: The latest IS upgrades to Lexus Safety System+ 3.0 with lane centring assist, evasive steering assist, traffic sign recognition, and Proactive Driving Assist.
• Starting price: The 2026 Lexus IS starts at $59,060 CAD, including the $2,205 destination charge.

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.

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 stronger fuel economy, more listings, and a lower average used price, while the Lexus counters with a more distinctive luxury-sport personality and a stronger emotional appeal for drivers who value style and character. If you want the sharper value proposition, the BMW has the edge; if you want the more expressive compact luxury sedan, the Lexus remains compelling.

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

These recommendations are based on CarGurus' proprietary market data from November 10, 2026, CarGurus experts' opinions, and generative AI.