Used 2024 Lexus IS for Sale near New Mexico

How much does the 2024 Lexus IS cost?

Prices have softened 1.96% compared to this time last year, making it a favorable time to shop this model year.

There are 1,414 listings available, which gives you a meaningful amount of inventory to compare across trims and conditions.

If you find a listing below $41,519.53, that's toward the low end of the year-round range and worth acting on quickly.

Is the 2024 Lexus IS a good car?

The 2024 Lexus IS stands out as a compact luxury sports sedan that leans into being fun to drive while still serving as Lexus’s entry-level model. It appeals to younger buyers with its comparatively low price point and compact proportions, and it is a good fit if you rarely carry passengers.

It also benefits from easy-to-use technology and standard advanced safety features, while still carrying familiar drawbacks such as limited cargo space and poor fuel economy. For you, that means the IS makes the most sense if you want a sporty luxury sedan with modern convenience and can live with its tighter packaging.

34.2% of listings are priced as good or great deals, which suggests there is still 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 third-generation formula, and it benefits from the 2021 refresh that added a touchscreen display, Apple CarPlay, Android Auto, and standard Lexus Safety System+ features. It also keeps the easy-to-use technology and standard advanced safety equipment that help make day-to-day ownership feel straightforward.

For used buyers, the main long-term risk is less about complexity and more about whether the car has been maintained well enough to preserve its sporty character and premium feel over time.

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

Accident-free inventory is solid at 87.4% — always verify the vehicle history report.

You should still check the report carefully for prior damage, title issues, and any signs of inconsistent ownership history. Put extra attention on the car’s overall condition, since a sporty luxury sedan can hide wear in the interior, tires, brakes, and suspension if it has been driven hard.

A thorough test drive and pre-purchase inspection should focus on how the car feels at low speeds, on rough pavement, and during braking and steering inputs.

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 with some leverage if you are patient and compare listings carefully.

• Deal availability: 34.2% of listings are priced as good or great deals.
• Inventory: There are 1,414 listings available.
• Price trend: Prices have softened 1.96% compared with last year.
• Clean inventory: 87.4% of listings are accident-free.

If you find a listing below $41,519.53, 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 $42,684 sits slightly below last year's $43,536.

That tells you the market has softened a bit, which can help you as a buyer today but may also mean a seller needs to price carefully to stay competitive. If you plan to resell later, the current trend suggests the IS should remain reasonably marketable, but not immune to broader price pressure. For you, the key takeaway is that buying at the right price matters, because future resale will likely reward clean condition and strong documentation.

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:

• 34.2% of listings are priced as good or great deals.
• Accident-free inventory is solid at 87.4% — always verify the vehicle history report.
• Price trend: Prices have softened 1.96% compared with last year.

The bottom line: The 2024 is the right path if you want the current-year version of the IS with a healthy supply of listings, a decent share of clean examples, and a market that has eased a bit from last year. If you are especially price-sensitive, a nearby model year may be worth comparing, but the 2024 gives you a strong balance of availability and value if you find a clean one at the low end of the range.

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