Used 2023 Lexus IS for Sale near Michigan

How much does the 2023 Lexus IS cost?

Prices have softened 2.60% compared to this time last year, making it a favorable time to shop this model year.

There are 1,115 listings available, which gives you a solid pool of options 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, luxurious interior, great handling, and good value for money. The overview also shows why it fits certain shoppers well: it’s a compact luxury sports sedan with a premium feel, easy-to-use technology, and a fun-to-drive character.

If you want a relatively affordable luxury sedan with compact proportions and a more engaging personality, this model year fits that brief well. There are 39.6% good or great deals in the market, which suggests you can still find attractive pricing if you shop carefully.

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-feeling ownership experience, with praise for its smooth performance and the kind of quality that helps buyers feel confident over time. That combination of strong satisfaction and a premium reputation is encouraging if you plan to keep the car for the long haul.

For used buyers, the main long-term risk is less about the rating and more about finding a well-kept example, so condition and maintenance history matter.

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

Accident-free inventory is solid at 79.3% — always verify the vehicle history report.

You should prioritize a history report first, then focus on a pre-purchase inspection so you can confirm the car’s condition matches the listing. Pay close attention to signs of prior damage, interior wear, and whether the premium features work as expected.

Because this model is a compact luxury sedan with limited practicality, it’s especially smart to evaluate the back seat, cargo area, and overall wear carefully before you commit.

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

This looks like a moderate, selective buyer’s market, so you can shop patiently and still find worthwhile listings.

• Deal availability: 39.6% of listings are priced as good or great deals.
• Inventory: There are 1,115 listings available.
• Price trend: Prices have softened 2.60% compared with last year.
• Clean inventory: 79.3% of listings are accident-free.

If you find a listing below $40,129, 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 $40,139 sits slightly below last year's $41,211.

That tells you the market has eased a bit, which can help you buy more favorably now but may also mean future resale gains are likely to be gradual rather than dramatic. If you’re planning to sell later, a well-kept example with strong presentation and clean history should hold up better than one with visible wear or accident history.

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:

• 39.6% of listings are priced as good or great deals.
• Accident-free inventory is solid at 79.3% — always verify the vehicle history report.
• Price trend: Prices have softened 2.60% compared with last year.
• Owners rate it 4.8/5 — a strong satisfaction signal.

Consider the 2022 if:

• At $36,703, the 2022 costs less than the current year's $40,139 average.
• It adds a major performance boost with the debut of the IS 500 V8.

The bottom line: If you want the stronger current-market balance of price, inventory, and owner satisfaction, the 2023 is the better default choice. If your priority is spending less upfront, the 2022 is the smarter value play, especially if you want to save money and can live with the older model year.

How does the 2023 Lexus IS compare to the 2023 BMW 3 Series?

Read our full side-by-side expert comparison here.

These recommendations are based on CarGurus' proprietary market data from November 10, 2026, CarGurus experts' opinions, and generative AI.