Used 2023 Lexus IS for Sale nearColorado Springs, CO

How much does the 2023 Lexus IS cost?

Prices have softened 1.44% compared to this time last year, making it a favorable time to shop this model year.

There are 1,158 listings available, which suggests you have a decent 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. Reviewers repeatedly praise its sporty design, smooth performance, and luxurious interior, and they also call out its handling and value for money. For you, that means it fits best if you want a compact luxury sports sedan that feels more athletic than purely practical, especially if you do not need much rear-seat or cargo space. With 36.6% of listings marked as good or great deals, there is still 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 also points to a dependable ownership experience, with owners highlighting the car’s features, smooth performance, and overall appeal over time. That kind of feedback suggests you can count on it for long-term use if you keep up with routine maintenance and buy a clean example. For used buyers, the main risk is less about the model’s reputation and more about finding one that has been well cared for.

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

Accident-free inventory is solid at 81.7% — always verify the vehicle history report.

You should still run a history report on every candidate, even if the listing looks clean at first glance. Prioritize a pre-purchase inspection, especially if the car has higher mileage or incomplete service records. Focus on overall condition, since a sporty luxury sedan like this is best bought when the interior, electronics, and maintenance history all line up.

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

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

• Deal availability: 36.6% of listings are priced as good or great deals.
• Inventory: There are 1,158 listings available.
• Price trend: Prices have softened 1.44% compared with last year.
• Clean inventory: 81.7% of listings are accident-free.

If you find a listing below $40,241, 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 $40,776 sits slightly below last year's $41,370.

That modest decline suggests the market has cooled a bit, which can help you buy at a more favorable entry point. For a future seller, the current pricing trend implies resale value should remain supported, but not immune to normal depreciation. If you buy well and keep the car in strong condition, you should be in a better position 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:

• 36.6% of listings are priced as good or great deals.
• Accident-free inventory is solid at 81.7% — always verify the vehicle history report.
• Price trend: Prices have softened 1.44% compared with last year.
• Owners rate it 4.8/5 — a strong satisfaction signal.

Consider the 2022 if:

• At $36,968, the 2022 costs less than the current year's $40,776 average.
• It adds a more performance-focused feel with a standout V8 option.

The 2023 is the better all-around pick if you want the newer-year market position and strong owner satisfaction. If your priority is saving money, the 2022 is the smarter path because it undercuts the current-year average while still delivering the same basic sporty luxury-sedan appeal.

These recommendations are based on CarGurus' proprietary market data from October 20, 2026, CarGurus experts' opinions, and generative AI.