Used 2023 Lexus IS for Sale nearSan Luis Obispo, CA

How much does the 2023 Lexus IS cost?

Prices have softened 1.72% compared to this time last year, making it a favorable time to shop this model year.

With 1,219 listings available, you have a decent amount of inventory to compare across trims and conditions.

If you find a listing below $40,269.18, 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 many also highlight its handling and overall value for money. That lines up well with its role as a compact luxury sedan for you if you want something fun to drive, easy to live with, and better suited to younger buyers or drivers who rarely carry passengers. With 34.6% 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 points to a dependable ownership experience, with praise centered on the car’s smooth performance and the confidence that comes from its feature set. When reviewers repeatedly call out the car’s value and day-to-day appeal, that usually suggests a model you can count on over time. For used buyers, the main long-term ownership risk is less about the core 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% — always verify the vehicle history report.

You should still check the history report on every candidate, even if the listing looks clean at first glance. Prioritize a pre-purchase inspection so you can catch wear, prior repairs, or cosmetic issues that photos may hide. Focus especially on overall condition, because a sporty luxury sedan can vary a lot depending on how carefully it was driven and maintained.

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

This looks like a moderate market for selective buyers, with enough inventory to shop carefully and enough deal activity to reward patience.

• Deal availability: 34.6% of listings are priced as good or great deals.
• Inventory: There are 1,219 listings available.
• Price trend: Prices have softened 1.72% compared with last year.
• Clean inventory: 84.0% of listings are accident-free.

If you find a listing below $40,269.18, 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 $40,770 sits slightly below last year's $41,483.

That softer pricing suggests the market has eased a bit, which can help you buy more confidently now but may also temper near-term resale gains if you plan to sell soon. For a future seller, the key takeaway is that this model year is holding value reasonably well, but not aggressively appreciating. Strong owner satisfaction can help support demand when it is time to list it again.

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:

• 34.6% of listings are priced as good or great deals.
• Accident-free inventory is solid at 84% — always verify the vehicle history report.
• Price trend: Prices have softened 1.72% compared with last year.
• Owners rate it 4.8/5 — a strong satisfaction signal.

Consider the 2022 if:

• At $37,988, the 2022 costs less than the current year's $40,770 average.
• It adds a major performance boost with a standout V8 option.

The bottom line: If you want the better-balanced shopping pool, the 2023 is the safer primary choice because it combines strong owner satisfaction, decent deal availability, and a softer price trend. If your priority is spending less up front, the 2022 is the better secondary path, especially if you want to save money and value its performance-focused appeal.

These recommendations are based on CarGurus' proprietary market data from September 4, 2026, CarGurus experts' opinions, and generative AI.