Used 2023 Lexus IS for Sale nearMemphis, TN

How much does the 2023 Lexus IS cost?

Prices have softened 1.76% compared to this time last year, making it a favorable time to shop this model year.

There are 1,168 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 overall value for money. That fits especially well if you want a compact luxury sports sedan with a fun-to-drive character and a premium feel without moving up to a larger, pricier luxury car. With 35.4% 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 ownership experience, with praise centered on smooth performance and a well-liked overall package. When shoppers repeatedly describe a car as trouble-free and worth keeping long term, that usually supports confidence in used-car ownership. For you, the main long-term risk is less about the car’s appeal and more about finding one that has been maintained well and hasn’t been worn down by hard use.

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 when the clean-inventory share is strong, because condition can vary widely from one listing to the next. Put inspection priority on signs of prior damage, uneven wear, and any evidence that the car has been driven hard or neglected. Focus on overall condition, since this model’s appeal depends heavily on how well the interior, exterior, and mechanical components have been preserved.

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

This is a moderate market for selective buyers, so you can shop patiently and still find worthwhile listings.

• Deal availability: 35.4% of listings are priced as good or great deals.
• Inventory: There are 1,168 listings available.
• Price trend: Prices have softened 1.76% compared with last year.
• Clean inventory: 84.1% of listings are accident-free.

If you find a listing below $40,266, 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 $40,668 sits slightly below last year's $41,396.

That softer pricing suggests the market has eased a bit, which can help you buy more carefully now and potentially reduce the risk of overpaying. For a future seller, the current trend implies resale value may stay supported, but not aggressively so, unless the car is especially clean and well equipped. Strong condition and desirable features should matter a lot when it comes time to trade or 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:

• 35.4% 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 1.76% compared with last year.
• Owners rate it 4.8/5 — a strong satisfaction signal.

Consider the 2022 if:

• At $37,519, the 2022 costs less than the current year's $40,668 average.
• It emphasizes performance and character over space and bargain pricing.

The bottom line: You should lean toward the 2023 if you want the stronger current-market balance of price, inventory, and owner satisfaction. If your top priority is spending less upfront, the 2022 is the better value play, especially if you find one in excellent condition.

These recommendations are based on CarGurus' proprietary market data from September 29, 2026, CarGurus experts' opinions, and generative AI.