Used 2023 Lexus IS for Sale nearMilwaukee, WI

How much does the 2023 Lexus IS cost?

Prices have softened 1.24% compared to this time last year, making it a favorable time to shop this model year.

There are 1,234 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 repeatedly praise its sporty design, smooth performance, and luxurious interior, and many also call out its great handling and good value for money. That makes it a strong fit if you want a compact luxury sports sedan that balances driving enjoyment with everyday comfort. With 37.7% of listings marked as good or great deals, you have a meaningful number of opportunities to shop selectively.

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. When shoppers consistently highlight long-term satisfaction and confidence in the car’s character, that usually supports a more reassuring used-car purchase. For you, the main long-term ownership risk is making sure the specific example you choose has been well maintained and not worn down by hard use.

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

Accident-free inventory is solid at 84.7% — always verify the vehicle history report.

You should start with a history report so you can confirm accident status, title history, and any major insurance claims. After that, prioritize a careful inspection of the interior, electronics, and overall condition, since this model’s appeal depends heavily on how well it has been kept. It also makes sense to focus on signs of wear that could affect your day-to-day experience, especially if you plan to use it as a commuter or daily driver.

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

This looks like a moderate market, so you can be selective without expecting a deep bargain on every listing.

• Deal availability: 37.7% of listings are priced as good or great deals.
• Inventory: There are 1,234 listings available.
• Price trend: Prices have softened 1.24% compared with last year.
• Clean inventory: 84.7% of listings are accident-free.

If you find a listing below $40,264, 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 $40,809 sits slightly below last year's $41,320.

That modest decline suggests the market has eased a bit, which can help you buy with less risk of overpaying. If you plan to sell later, the current pricing trend implies you should expect steady but not aggressive appreciation in value. Strong condition and a clean history will matter a lot if you want to protect your exit price.

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:

• 37.7% of listings are priced as good or great deals.
• Accident-free inventory is solid at 84.7% — always verify the vehicle history report.
• Price trend: Prices have softened 1.24% compared with last year.
• Owners rate it 4.8/5 — a strong satisfaction signal.

Consider the 2022 if:

• At $37,691, the 2022 costs less than the current year's $40,809 average.
• It offers a more performance-focused personality.

The bottom line: You should lean toward the 2023 if you want the stronger all-around shopping environment, with decent deal availability and a broad pool of accident-free listings. If your priority is spending less up front, the 2022 is the better secondary path, especially if you value its more performance-oriented character and can live with the tradeoffs.

These recommendations are based on CarGurus' proprietary market data from September 15, 2026, CarGurus experts' opinions, and generative AI.