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 1,209 listings available, which gives you a decent amount of choice across the market. If you find a listing below $40,291.80, that's toward the low end of the year-round range and worth acting on quickly.

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 call out its handling and overall value for money.

That lines up well with the model’s role as a compact luxury sedan for you if you want something fun to drive and easy to live with. It also fits especially well if you’re a young professional or you rarely carry passengers, since the car’s compact size and driver-focused personality are part of the appeal.

With 30.7% of listings marked as good or great deals, you still have room to shop selectively without feeling rushed.

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 car that feels dependable in daily use, with praise centered on smooth performance, strong handling, and a generally trouble-free ownership experience. That kind of feedback matters if you want a used luxury sedan you can count on over time.

For used buyers, the main long-term ownership risk is less about the core driving experience and more about finding a well-kept example with a clean history and consistent maintenance.

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

Accident-free inventory is solid at 83.9% — always verify the vehicle history report.

You should still check the history report carefully and confirm that the car’s condition matches the listing photos and description. Prioritize a pre-purchase inspection so you can catch signs of wear, prior damage, or neglected maintenance before you commit.

Because this model is known for its sporty feel and upscale cabin, focus your inspection on interior condition, electronics, and overall cosmetic wear as much as mechanical basics.

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

This looks like a moderate market, so you can shop selectively and still find opportunities if you move on the right listing.

• Deal availability: 30.7% of listings are priced as good or great deals.
• Inventory: There are 1,209 listings available.
• Price trend: Prices have held steady compared with last year.
• Clean inventory: 83.9% of listings are accident-free.

If you find a listing below $40,291.80, 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 $41,099 sits slightly below last year's $41,481.

That small decline suggests the market has stayed relatively stable, which is helpful if you plan to sell later. A steady price pattern usually means you are less likely to face a sharp drop in value over a short ownership period.

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:

• 30.7% of listings are priced as good or great deals.
• Accident-free inventory is solid at 83.9% — 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 $37,875, the 2022 costs less than the current year's $41,099 average.
• It adds a more performance-focused lineup, including a V8-powered variant.

The bottom line: If you want the newer-year market with stable pricing and strong owner satisfaction, the 2023 is the better default choice. If your priority is spending less up front, the 2022 is the smarter path for price-sensitive buyers who still want the Lexus IS formula.

These recommendations are based on CarGurus' proprietary market data from August 28, 2026, CarGurus experts' opinions, and generative AI.