Used 2020 Lexus IS for Sale near New Jersey

How much does the 2020 Lexus IS cost?

Prices have softened 1.10% 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 amount of inventory to compare before you buy.

Is the 2020 Lexus IS a good car?

Yes — 4.5/5 is a strong user rating for the 2020 Lexus IS. The overview frames it as a compact luxury sedan that leans into driving enjoyment while staying relatively approachable in price, and it also positions the IS as Lexus’s entry-level model, which helps explain its appeal to younger buyers. You should also keep in mind that it is not the roomiest choice in the class, with a tight back seat and limited cargo space. With 34.0% of listings marked as good or great deals, you have some room to shop selectively.

Is the 2020 Lexus IS reliable?

Owners rate it 4.5/5, a strong signal of long-term satisfaction.

The overview presents the 2020 Lexus IS as a Lexus product with a strong emphasis on driving enjoyment and a broad range of powertrain choices, including an inline-four turbo plus available V6 and V8 options. It also highlights the model’s established third-generation updates, which brought a revamped infotainment system and a long list of standard luxury features. For used buyers, that combination suggests a car with a clear identity and a reputation that can support confidence over time.

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

At 66.4% accident-free, a meaningful share of listings has prior incidents — history verification is especially important.

You should run a vehicle history report on every candidate and prioritize listings with clean records. A pre-purchase inspection is especially useful here, since condition can vary even among similarly priced cars. Focus on signs of prior bodywork, uneven panel gaps, tire wear, and any interior or technology issues that could affect day-to-day ownership.

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

This is a moderate market, so you can shop carefully without feeling rushed.

• Deal availability: 34.0% of listings are priced as good or great deals.
• Inventory: There are 459 listings available.
• Price trend: Prices have softened 1.10% compared with last year.
• Clean inventory: 66.4% of listings are accident-free.

If you find a listing below $25,864, 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 $27,592 sits slightly below last year's $27,899.

That small decline suggests the market has eased a bit, which can help you buy at a more favorable entry point today. For a future seller, it also means resale performance may depend more on condition, mileage, and equipment than on broad market momentum alone. Well-kept examples should still hold appeal because the model has a clear enthusiast-friendly identity and a strong value proposition in the compact luxury segment.

Vehicles with strong owner satisfaction ratings, like this model year's 4.5/5, 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 66.4% accident-free, a meaningful share of listings has prior incidents — history verification is especially important.
• Price trend: Prices have softened 1.10% compared with last year.
• Owners rate it 4.5/5 — a strong satisfaction signal.

Consider the 2021 if:

• At $34,672, the 2021 costs more than the current year's $27,592 average.
• It brings a sharper fourth-generation redesign with more modern styling and a stronger enthusiast focus.

The bottom line: If you want the better value, the 2020 is the smarter starting point because it combines a lower average price with decent deal availability. If you’re willing to pay more for a newer-generation feel and a more aggressive design direction, the 2021 is the better upgrade path.

These recommendations are based on CarGurus' proprietary market data from September 22, 2026, CarGurus experts' opinions, and generative AI.