How much does the 2024 Lexus IS cost?

Prices have softened 1.24% compared to this time last year, making it a favorable time to shop this model year.

There are 1,416 listings available, which gives you a meaningful amount of inventory to compare across trims and conditions.

If you find a listing below $41,519.67, 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 has long leaned 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 remains a good fit for drivers who rarely carry passengers.

For 2024, it also benefits from easy-to-use technology and standard advanced safety features, including Apple CarPlay, Android Auto, a touchscreen display, and Lexus Safety System+ equipment. It is less convincing as a family car because the back seat is really tight, and it still carries familiar drawbacks such as not much cargo space and poor fuel economy.

With 36.7% of listings priced as good or great deals, you have a decent chance of finding a competitive example if you shop carefully.

Is the 2024 Lexus IS reliable?

The 2024 Lexus IS is presented as a compact luxury sedan that combines fun-to-drive character with standard advanced safety features and easy-to-use technology. It also sits in a mature third-generation design that had already received a major refresh, which helps it feel well sorted for everyday use.

For used buyers, the main long-term ownership risk is less about novelty and more about living with the model’s familiar compromises, especially if you plan to keep it for years and want something practical for passengers, cargo, and fuel costs.

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

Accident-free inventory is solid at 88.3% — always verify the vehicle history report.

You should still check the history report carefully and confirm that the car’s condition matches the listing photos and description. Prioritize a thorough inspection of the interior, electronics, tires, brakes, and any signs of prior bodywork or uneven wear. Because this model is known for a tight back seat and limited cargo space, make sure the car’s overall condition fits how you actually plan to use it.

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

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

• Deal availability: 36.7% of listings are priced as good or great deals.
• Inventory: There are 1,416 listings available.
• Price trend: Prices have softened 1.24% compared with last year.
• Clean inventory: 88.3% of listings are accident-free.

If you find a listing below $41,519.67, 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 $42,851 sits slightly below last year's $43,389.

That suggests the market has eased a bit, which can help you buy more confidently today. For a future seller, the current pricing trend implies you may not see strong short-term appreciation, so condition and mileage will matter a lot when it comes time to resell. If you keep the car well maintained and avoid accident history, you should be in a better position to protect value.

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:

• 36.7% of listings are priced as good or great deals.
• Accident-free inventory is solid at 88.3% — always verify the vehicle history report.
• Price trend: Prices have softened 1.24% compared with last year.

The bottom line: The 2024 Lexus IS makes the most sense if you want a compact luxury sedan with sporty character, modern tech, and a market that still offers some room to negotiate. If you are especially price-sensitive, a nearby model year may be worth comparing, but the 2024 is a strong primary target when you want a balanced mix of value and availability.

These recommendations are based on CarGurus' proprietary market data from August 21, 2026, CarGurus experts' opinions, and generative AI.