Used 2023 Lexus IS for Sale nearNorfolk, VA

How much does the 2023 Lexus IS cost?

Prices have held steady compared to this time last year, signaling a stable and predictable market for this model year.

There are 1,157 listings available, which gives you a solid amount of inventory to compare before you buy.

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 they also highlight its handling and good value for money. If you want a compact luxury sports sedan that feels more athletic than purely practical, this model year fits that use case well. With 37.6% of listings marked as good or great deals, you still have room 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 emphasizes reliability-adjacent strengths like smooth performance, good value, and a well-liked feature set, which are the kinds of traits buyers often associate with dependable ownership. For used buyers, that usually means lower anxiety about day-to-day use, though you should still focus on maintenance history and overall condition to reduce long-term ownership risk.

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

Accident-free inventory is solid at 83.4% — always verify the vehicle history report.

You should prioritize a clean history report first, then inspect the car closely for signs of prior damage, uneven wear, or poor repairs. Pay extra attention to the interior, electronics, and overall condition, since this model’s appeal depends heavily on how well it has been maintained. A careful pre-purchase inspection is especially worthwhile if you want to preserve the premium feel that draws buyers to the IS.

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

This is a moderate market, so you can be selective without expecting deep discounts on every listing.

• Deal availability: 37.6% of listings are priced as good or great deals.
• Inventory: There are 1,157 listings available.
• Price trend: Prices have held steady compared with last year.
• Clean inventory: 83.4% 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 $40,775 sits slightly below last year's $41,176.

That small decline suggests the market has softened a bit, but not enough to signal a major drop in desirability. If you buy carefully and keep the car in strong condition, you should be able to protect a meaningful share of its value. The steady pricing also helps future sellers because it points to a model that remains consistently shoppable rather than volatile.

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:

• 37.6% of listings are priced as good or great deals.
• Accident-free inventory is solid at 83.4% — always verify the vehicle history report.
• Price trend: Prices have held steady compared with last year.
• Owners rate it 4.8/5 — a strong satisfaction signal.

Consider the 2022 if:

• At $37,304, the 2022 costs less than the current year's $40,775 average.
• It adds a more performance-focused feel with a stronger enthusiast bent.

The bottom line: If you want the better-balanced shopping target, the 2023 is the safer primary choice because it combines stable pricing, solid inventory, and strong owner satisfaction. If your top priority is spending less upfront, the 2022 is the better secondary path, especially if you find one in excellent condition.

These recommendations are based on CarGurus' proprietary market data from October 13, 2026, CarGurus experts' opinions, and generative AI.