Used 2023 Lexus IS for Sale nearSan Luis Obispo, CA

How much does the 2023 Lexus IS cost?

Prices have softened 2.68% compared to this time last year, making it a favorable time to shop this model year.

There are 1,158 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, and luxurious interior. Reviewers also highlight its great handling and good value for money, while the premium feel and attractive styling come through as recurring strengths.

If you want a compact luxury sports sedan with a premium cabin and a fun-to-drive personality, this model year fits that use case well. With 36.2% of listings marked as good or great deals, you also have a decent chance of finding a competitive price.

Is the 2023 Lexus IS reliable?

Owners rate it 4.8/5, a strong signal of long-term satisfaction.

The owner feedback points to a car that feels dependable in daily use, with smooth performance and a premium experience that owners continue to value over time. The repeated praise for its trouble-free ownership feel and long-term appeal suggests it can be a reassuring choice if you want a used luxury sedan you can count on.

For used buyers, the main long-term ownership risk is less about the car’s 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 80.4% — always verify the vehicle history report.

You should prioritize a history report first, then focus on a careful inspection of the car’s condition and maintenance record. Pay close attention to signs of prior damage, uneven wear, or cosmetic issues that could affect long-term satisfaction.

Because this model is often bought for its sporty feel and premium cabin, make sure the interior, electronics, and overall presentation match the seller’s claims before you commit.

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

This looks like a moderate market where selective buyers can still find value if they shop carefully.

• Deal availability: 36.2% of listings are priced as good or great deals.
• Inventory: There are 1,158 listings available.
• Price trend: Prices have softened 2.68% compared with last year.
• Clean inventory: 80.4% of listings are accident-free.

If you find a listing below $40,240, 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 $40,240 sits slightly below last year's $41,347.

That kind of price movement suggests the market has cooled a bit, which can matter if you plan to sell later. A softer current price can make the car easier to buy now, but it may also mean you should be realistic about future trade-in expectations.

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:

• 36.2% of listings are priced as good or great deals.
• Accident-free inventory is solid at 80.4% — always verify the vehicle history report.
• Price trend: Prices have softened 2.68% compared with last year.
• Owners rate it 4.8/5 — a strong satisfaction signal.

Consider the 2022 if:

• At $36,691, the 2022 costs less than the current year's $40,240 average.
• It offers a more performance-focused lineup with a standout V8 option.

The bottom line: If you want the newer-year pricing context and a strong owner satisfaction profile, the 2023 is the better default choice. If your priority is spending less up front, the 2022 is the more budget-friendly path and may be worth a closer look.

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 3, 2026, CarGurus experts' opinions, and generative AI.