Used 2024 Lexus IS for Sale near New Mexico

How much does the 2024 Lexus IS cost?

Prices have softened 3.11% compared to this time last year, making it a favorable time to shop this model year.

There are 1,346 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 with a long-running reputation for being fun to drive. It sits as the entry-level model in the Lexus lineup and is described as appealing to younger buyers thanks to its comparatively low price point and compact proportions.

For 2024, it also brings a broad list of equipment and updates, including passive entry, push-button start, dual automatic climate controls, Apple CarPlay, Android Auto, and standard Lexus Safety System+ features such as automatic emergency braking, pedestrian detection, lane departure warning, adaptive cruise control, automatic high beams, and lane-trace assist. Available features include a 17-speaker Mark Levinson premium audio system, a power moonroof, and a 10.3-inch infotainment screen with navigation.

The model’s appeal is strongest if you value driving enjoyment, premium feel, and available performance more than everyday space or efficiency. 38.3% 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 long-running reputation for being fun to drive, and it also benefits from a broad list of standard safety and convenience equipment. That combination makes it appealing if you want a premium-feeling sedan with a familiar feature set.

For used buyers, the main long-term ownership risk is less about the car’s character and more about whether the specific example has been maintained well, since you’ll want to protect yourself against wear, prior damage, or deferred upkeep.

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

Accident-free inventory is solid at 84.5% — always verify the vehicle history report.

You should prioritize a history report first, then focus on a pre-purchase inspection so you can confirm the car’s condition matches the listing. Pay close attention to signs of prior damage, interior wear, and whether the car’s features and equipment work as expected.

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 patiently and still find worthwhile options.

• Deal availability: 38.3% of listings are priced as good or great deals.
• Inventory: There are 1,346 listings available.
• Price trend: Prices have softened 3.11% compared with last year.
• Clean inventory: 84.5% of listings are accident-free.

If you find a listing below $41,098, 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 $41,098 sits slightly below last year's $42,417.

That softer pricing suggests the model has become a bit easier to buy than it was a year ago, which can help you if you’re shopping now. For a future seller, it also means resale value may depend heavily on condition, mileage, and how well the car is equipped. If you keep the car clean, documented, and accident-free, you’ll be in a better position when it’s time to sell.

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:

• 38.3% of listings are priced as good or great deals.
• Accident-free inventory is solid at 84.5% — always verify the vehicle history report.
• Price trend: Prices have softened 3.11% compared with last year.

The bottom line: The 2024 Lexus IS makes the most sense if you want a compact luxury sedan with a sporty personality, strong feature content, and a market that still offers some deal opportunities. If you’re especially price-sensitive, you can also compare nearby model years to see whether a slightly older example gives you a lower entry point without giving up the character you want.

How does the 2024 Lexus IS compare to the 2024 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.