Used 2024 Lexus IS for Sale nearMemphis, TN

How much does the 2024 Lexus IS cost?

Prices have softened 2.62% compared to this time last year, making it a favorable time to shop this model year.

There are 1,371 listings available, which gives you a meaningful amount of inventory to compare before you buy.

Is the 2024 Lexus IS a good car?

The 2024 Lexus IS stands out as a compact luxury sports sedan that emphasizes driving enjoyment, relatively low pricing for the class, and compact proportions that appeal to younger buyers. It is also positioned as an entry-level Lexus, and the source describes it as fun to drive.

For you, that means the IS makes the most sense if you want a sporty-feeling luxury sedan with a strong feature set and a style-first personality. It is less compelling if you need a family-friendly cabin or maximum practicality, since the back seat is really tight and the car is not built around cargo space.

34.8% of listings are priced as good or great deals, which suggests there are still some attractive opportunities if you shop carefully.

Is the 2024 Lexus IS reliable?

The 2024 Lexus IS benefits from the third generation’s 2021 refresh, which brought updated infotainment tech and standard advanced safety equipment. The source also highlights standard Lexus Safety System+, along with blind spot monitoring and rear cross-traffic alert, which adds confidence to the ownership experience.

For used buyers, the main long-term risk is less about outright complexity and more about living with the model’s compromises over time, especially if you expect roomy seating or strong utility from a compact sports sedan.

What should I look for when buying a used 2024 Lexus IS?

Accident-free inventory is solid at 86.9% — always verify the vehicle history report.

You should still prioritize a history report on every candidate, even if the listing looks clean at first glance. Focus your inspection on overall condition, since a sporty luxury sedan can hide wear in the cabin, suspension, or wheels if it has been driven hard. Pay extra attention to signs of prior damage, uneven panel gaps, tire wear, and how well the interior features and electronics work.

Is now a good time to buy a used 2024 Lexus IS?

This is a moderate market, so you can shop selectively without feeling rushed, but the best listings may still move quickly.

• Deal availability: 34.8% of listings are priced as good or great deals.
• Inventory: There are 1,371 listings available.
• Price trend: Prices have softened 2.62% compared with last year.
• Clean inventory: 86.9% of listings are accident-free.

If you find a listing below $41,527, that's toward the low end of the year-round range and worth acting on quickly.

What is the 2024 Lexus IS's resale value?

The current average of $42,175 sits slightly below last year's $43,308.

That price movement suggests the market has eased a bit, which can help you buy with less pressure today. If you plan to sell later, the current trend points to a model that is holding value reasonably well, but not appreciating. For you, that means resale should be decent if you keep mileage and condition in check, though the strongest returns will likely come from well-kept examples with desirable equipment.

Should I buy a 2024 Lexus IS or consider a different year?

If you're weighing the 2024 against nearby model years, here's how to think about it:

Choose the 2024 if:

• 34.8% of listings are priced as good or great deals.
• Accident-free inventory is solid at 86.9% — always verify the vehicle history report.
• Price trend: Prices have softened 2.62% compared with last year.

The bottom line: The 2024 Lexus IS is a strong choice if you want a compact luxury sedan with a sporty feel, modern tech, and a price that has eased a bit versus last year. If you are especially price-sensitive, a nearby model year may give you a similar ownership experience, but the 2024 is the better fit when you want to balance value, inventory depth, and a fresh market position.

These recommendations are based on CarGurus' proprietary market data from September 29, 2026, CarGurus experts' opinions, and generative AI.