Used 2023 Lexus IS for Sale nearKnoxville, TN

How much does the 2023 Lexus IS cost?

Prices have softened 1.34% compared to this time last year, making it a favorable time to shop this model year.

There are 1,199 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, and many also highlight its handling and value for money. That fits well if you want a compact luxury sports sedan that emphasizes driving enjoyment while still delivering everyday comfort and a well-executed cabin. With 37.1% of listings marked as good or great deals, you have a decent chance of finding a competitive offer.

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 dependable, trouble-free ownership experience, with praise centered on the car’s smooth performance and overall quality. That kind of response suggests the 2023 Lexus IS can be a reassuring choice if you want a premium sedan you can count on over time. For used buyers, the main long-term ownership risk is less about the car’s reputation and more about finding one that has been maintained well and not worn hard.

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

Accident-free inventory is solid at 84.1% — always verify the vehicle history report.

You should still check the history report carefully, even if the market looks healthy, because a clean record matters more than a low price alone. Put inspection priority on overall condition, especially signs of heavy use, since you want a car that still feels tight and well cared for. Focus on the cabin, electronics, and general wear, because those areas help separate a good example from one that has been neglected.

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

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

• Deal availability: 37.1% of listings are priced as good or great deals.
• Inventory: There are 1,199 listings available.
• Price trend: Prices have softened 1.34% compared with last year.
• Clean inventory: 84.1% of listings are accident-free.

If you find a listing below $40,263, 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 $40,770 sits slightly below last year's $41,322.

That softer pricing suggests the model has become a bit more buyer-friendly, which can help you if you're shopping now but may slightly temper what a future seller can ask. Even so, the current market still shows meaningful demand, especially for well-kept examples with clean histories and strong equipment. 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:

• 37.1% of listings are priced as good or great deals.
• Accident-free inventory is solid at 84.1% — always verify the vehicle history report.
• Price trend: Prices have softened 1.34% compared with last year.
• Owners rate it 4.8/5 — a strong satisfaction signal.

Consider the 2022 if:

• At $37,516, the 2022 costs less than the current year's $40,770 average.
• It adds a more performance-focused personality with a standout V8 option.

The 2023 is the better all-around pick if you want the newer-year market position, strong owner satisfaction, and a healthy mix of listings to shop from. If your priority is saving money upfront and you care most about driving character, the 2022 is the more price-sensitive alternative worth a look.

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