Used 2020 Lexus IS for Sale nearChicago, IL

How much does the 2020 Lexus IS cost?

Prices have softened 3.22% compared to this time last year, making it a favorable time to shop this model year.

There are 459 listings available, which gives you a solid pool to compare prices and equipment.

Is the 2020 Lexus IS a good car?

Yes — 4.7/5 is a strong user rating for this model year, and it fits shoppers who want a compact luxury sedan with a sporty personality. Lexus positions it as an entry-level luxury model with a comparatively low price point and compact size, and the appeal is built around being fun to drive. For you, that means it makes the most sense if you want a driver-focused small luxury sedan rather than maximum rear-seat or cargo practicality. 34.0% of listings are priced as good or great deals, which suggests there are still worthwhile opportunities in the market.

Is the 2020 Lexus IS reliable?

Owners rate it 4.7/5, a strong signal of long-term satisfaction.

The 2020 Lexus IS is presented as a well-equipped compact luxury sedan with standard safety technology and a reputation that supports confidence in ownership. Its standard Lexus Safety System+ and broad list of convenience features add to its appeal for everyday use. For used buyers, the main long-term ownership risk is less about the car’s basic mission and more about whether the specific example has been maintained well and fits your space and efficiency needs.

What should I look for when buying a used 2020 Lexus IS?

At 60.3% accident-free, a meaningful share of listings has prior incidents — history verification is especially important.

You should start with a vehicle history report so you can confirm accident records, title status, and service history before you commit. Then prioritize a thorough pre-purchase inspection, especially if the car has been in a prior incident or shows signs of uneven wear. Focus on overall condition, because the tight rear seat, limited cargo space, and poor fuel economy are already part of the model’s tradeoffs, so you want the specific car to be as clean and well-kept as possible.

Is now a good time to buy a used 2020 Lexus IS?

This looks like a moderate, selective buyer’s market, so you can shop carefully and still find value.

• Deal availability: 34.0% of listings are priced as good or great deals.
• Inventory: There are 459 listings available.
• Price trend: Prices have softened 3.22% compared with last year.
• Clean inventory: 60.3% of listings are accident-free.

If you find a listing below $25,813, that's toward the low end of the year-round range and worth acting on quickly.

What is the 2020 Lexus IS's resale value?

The current average of $26,175 sits slightly below last year's $27,046.

That price movement suggests the market has eased a bit, which can help you buy more confidently now, but it also means a future seller may need to price competitively to stand out. The model’s compact luxury positioning and sporty identity can help support demand, especially among shoppers who want a smaller premium sedan with a driver-focused feel. Condition and history will matter a lot when it comes time to resell, because buyers in this segment tend to compare examples closely.

Vehicles with strong owner satisfaction ratings, like this model year's 4.7/5, tend to retain buyer demand, which supports resale value over time.

Should I buy a 2020 Lexus IS or consider a different year?

If you're weighing the 2020 against nearby model years, here's how to think about it:

Choose the 2020 if:

• 34.0% of listings are priced as good or great deals.
• At 60.3% accident-free, a meaningful share of listings has prior incidents — history verification is especially important.
• Price trend: Prices have softened 3.22% compared with last year.
• Owners rate it 4.7/5 — a strong satisfaction signal.

Consider the 2021 if:

• At $33,958, the 2021 costs more than the current year's $26,175 average.
• It brings a sharper, next-generation design with a more focused sporty identity.

The bottom line: If you want the better value play, the 2020 is the primary path because it combines a lower average price with solid shopper interest. If you’re willing to spend more for a newer-generation feel and a more enthusiast-oriented character, the 2021 is the better secondary path.

How does the 2020 Lexus IS compare to the 2020 BMW 3 Series?

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.