How much does the 2023 Lexus IS cost?

Prices have held steady compared to this time last year, signaling a stable and predictable market for this model year.

With 1,223 listings available, you have a decent amount of inventory to compare before you buy.

If you find a listing below $40,290.08, that's toward the low end of the year-round range and worth acting on quickly.

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. Reviewers consistently praise its sporty design, smooth performance, and luxurious interior, and many also highlight its handling and overall value for money. That makes it a good fit if you want a compact luxury sedan that feels engaging to drive and still offers easy-to-use technology and standard advanced safety features. With 35.7% of listings marked as good or great deals, you also have a meaningful chance to find a competitive price.

Is the 2023 Lexus IS reliable?

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

The owner feedback also points to a car that feels dependable in daily use, with praise centered on its smooth performance and features that make it easy to live with. When buyers repeatedly call out a vehicle’s quality, value, and trouble-free ownership experience, that usually supports confidence in long-term use. For a used buyer, the main ownership risk is less about the car’s appeal and more about finding one that has been maintained well and kept in good condition.

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

Accident-free inventory is solid at 85% — always verify the vehicle history report.

You should still check the history report carefully, even when the market looks clean, because that helps confirm the car’s background and ownership story. Put inspection priority on overall condition, especially signs of wear that could affect how the car drives or how well it has been cared for. Focus on the areas that matter most in a used luxury sedan: interior condition, mechanical health, and whether the car feels consistent with its mileage and asking price.

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

This is a moderate buyer’s market, so you can be selective without expecting every listing to be a bargain.

• Deal availability: 35.7% of listings are priced as good or great deals.
• Inventory: There are 1,223 listings available.
• Price trend: Prices have held steady compared with last year.
• Clean inventory: 85.0% of listings are accident-free.

If you find a listing below $40,290.08, 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 $41,324 sits slightly below last year's $41,474.

That small decline suggests the market has stayed relatively stable rather than swinging sharply in either direction. For a future seller, that kind of pricing pattern can be helpful because it points to predictable demand instead of a sudden drop in value. If you buy well and keep the car in strong condition, you may be better positioned to preserve value when it is time to sell.

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:

• 35.7% of listings are priced as good or great deals.
• Accident-free inventory is solid at 85% — always verify the vehicle history report.
• Price trend: Prices have held steady compared with last year.
• Owners rate it 4.8/5 — a strong satisfaction signal.

Consider the 2022 if:

• At $37,839, the 2022 costs less than the current year's $41,324 average.
• It adds a major performance boost with a standout V8 option.

The bottom line: You should lean toward the 2023 if you want the stronger current-market balance of price stability, clean inventory, and high owner satisfaction. If your priority is spending less up front, the 2022 is the better value-focused alternative, especially if you want to save several thousand dollars and can find one in good condition.

These recommendations are based on CarGurus' proprietary market data from August 21, 2026, CarGurus experts' opinions, and generative AI.