Used 2023 Lexus IS for SaleNationwide

How much does the 2023 Lexus IS cost?

Prices have softened 1.23% compared to this time last year, making it a favorable time to shop this model year.

There are 1,238 listings available, which gives you a solid amount of inventory to compare.

Is the 2023 Lexus IS a good car?

Yes — the 2023 Lexus IS earns a 4.8/5 user rating, which points to strong owner satisfaction.

Owners consistently praise its sporty design, smooth performance, and luxurious interior. Reviewers also highlight its great handling and good value for money, which fits well if you want a compact luxury sports sedan with a premium feel and everyday comfort.

If you want an entry-level Lexus that leans more toward driving enjoyment than family-hauling practicality, this model year fits that use case well. With 35.5% of listings marked as good or great deals, you still have room to shop selectively.

Is the 2023 Lexus IS reliable?

Owners rate it 4.8/5, a strong signal of long-term satisfaction.

The review summary points to a car that feels smooth, dependable, and well-liked for its overall execution. The emphasis on a luxurious interior and strong value also suggests owners feel confident living with it over time.

For used buyers, that kind of satisfaction can reduce ownership anxiety, but you should still focus on maintenance history and condition because long-term costs depend on how the car was treated.

What should I look for when buying a used 2023 Lexus IS?

Accident-free inventory is solid at 84.2% — always verify the vehicle history report.

You should prioritize a history report first, then inspect the car closely for signs of prior damage, uneven wear, or poor repairs. Because this model is valued for its sporty feel and premium cabin, pay extra attention to interior condition, electronics, and how well the car has been maintained.

A careful pre-purchase inspection matters most if you find a listing that looks unusually cheap or has incomplete service records.

Is now a good time to buy a used 2023 Lexus IS?

This is a moderate market, so you can shop selectively without expecting a deep bargain on every listing.

• Deal availability: 35.5% of listings are priced as good or great deals.
• Inventory: There are 1,238 listings available.
• Price trend: Prices have softened 1.23% compared with last year.
• Clean inventory: 84.2% of listings are accident-free.

If you find a listing below $40,264, that's toward the low end of the year-round range and worth acting on quickly.

What is the 2023 Lexus IS's resale value?

The current average of $40,833 sits slightly below last year's $41,344.

That mild decline suggests the market has softened a bit, which can help you buy more confidently now. For future resale, the current pricing trend is not alarming, but it does mean your own depreciation will depend heavily on mileage, condition, and how well the car is equipped.

Vehicles with strong owner satisfaction ratings, like this model year's 4.8/5, tend to retain buyer demand, which supports resale value over time.

Should I buy a 2023 Lexus IS or consider a different year?

If you're weighing the 2023 against nearby model years, here's how to think about it:

Choose the 2023 if:

• 35.5% of listings are priced as good or great deals.
• Accident-free inventory is solid at 84.2% — always verify the vehicle history report.
• Price trend: Prices have softened 1.23% compared with last year.
• Owners rate it 4.8/5 — a strong satisfaction signal.

Consider the 2022 if:

• At $37,891, the 2022 costs less than the current year's $40,833 average.
• It adds more performance character, especially for driving enthusiasts.

The bottom line: If you want the better-balanced shopping target, the 2023 is the safer primary pick because it combines strong owner satisfaction, decent deal availability, and a softer price trend. If your top priority is saving money upfront, the 2022 is the better secondary path, especially if you find one in excellent condition.

These recommendations are based on CarGurus' proprietary market data from September 11, 2026, CarGurus experts' opinions, and generative AI.