Used 2024 Lexus IS for Sale near New Mexico

How much does the 2024 Lexus IS cost?

Prices have softened 2.44% compared to this time last year, making it a favorable time to shop this model year.

There are 1,438 listings available, which gives you a solid amount of inventory to compare.

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 premium badge, rather than maximum practicality. The back seat is really tight, so it is not the best fit if you regularly carry passengers or need more everyday versatility.

36.2% of listings are priced as good or great deals, which gives you some room to shop selectively.

Is the 2024 Lexus IS reliable?

The 2024 Lexus IS is presented as a compact luxury sports sedan with a strong emphasis on driving enjoyment and a well-equipped cabin. It also benefits from the broader third-generation lineup’s updated technology and standard safety equipment.

For used buyers, the main long-term ownership risk is less about outright complexity and more about living with the model’s compromises over time, especially if you expect family-car practicality or strong fuel economy.

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

Accident-free inventory is solid at 87.3% — always verify the vehicle history report.

You should also prioritize a pre-purchase inspection so you can confirm the condition of the infotainment system, safety features, and interior wear. Because the IS is a sporty luxury sedan with limited practicality, focus on how the car has been maintained and whether the cabin, wheels, and body show signs of harder use.

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

This looks like a moderate, selective buyer's market, so you can shop carefully and still find worthwhile options.

• Deal availability: 36.2% of listings are priced as good or great deals.
• Inventory: There are 1,438 listings available.
• Price trend: Prices have softened 2.44% compared with last year.
• Clean inventory: 87.3% of listings are accident-free.

If you find a listing below $41,516, 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 $42,599 sits slightly below last year's $43,663.

That tells you the market has eased a bit, which can help you as a buyer today but may also mean a future sale could face more price pressure if the trend continues. If you plan to own the car for a few years, the current pricing suggests you are not buying at a peak. If resale matters a lot to you, it is worth keeping mileage, condition, and maintenance records in top shape so your car stands out later.

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:

• 36.2% of listings are priced as good or great deals.
• Accident-free inventory is solid at 87.3% — always verify the vehicle history report.
• Price trend: Prices have softened 2.44% compared with last year.

The bottom line: The 2024 Lexus IS is the better pick if you want a sporty compact luxury sedan with a strong value proposition and enough inventory to shop selectively. If you are especially price-sensitive, a nearby model year may be worth comparing, but the 2024 gives you a good balance of current-market pricing, available deals, and accident-free listings.

These recommendations are based on CarGurus' proprietary market data from September 11, 2026, CarGurus experts' opinions, and generative AI.