Used 2024 Lexus IS for Sale nearWaco, TX

How much does the 2024 Lexus IS cost?

Prices have softened 1.88% compared to this time last year, making it a favorable time to shop this model year.

There are 1,410 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.

That appeal is strongest if you want style, technology, and a sporty feel more than practicality. The back seat is really tight, and the source also notes poor fuel economy and not much cargo space, so it is not the best fit if you need family-friendly room or everyday utility.

36.9% of listings are priced as good or great deals, which suggests there is still meaningful value in the market.

Is the 2024 Lexus IS reliable?

The 2024 Lexus IS is presented as a compact luxury sports sedan with a strong feature set and a well-executed cabin, and it benefits from the 2021 refresh that brought updated tech and standard advanced safety equipment. It is also described as a car that is fun to drive and easy to live with if you value a sporty premium sedan.

For used buyers, the main long-term ownership risk is less about complexity and more about the model’s compromises: poor fuel economy, limited cargo space, and a cramped rear seat can make it harder to live with over time if your needs change.

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

Accident-free inventory is solid at 87.2% — always verify the vehicle history report.

You should prioritize a history report first, then focus your inspection on signs of prior damage, uneven wear, and any repairs that could affect the car’s condition. Because this model is more about driving enjoyment than practicality, make sure the cabin, cargo area, and rear-seat condition match how you plan to use it.

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 listings.

• Deal availability: 36.9% of listings are priced as good or great deals.
• Inventory: There are 1,410 listings available.
• Price trend: Prices have softened 1.88% compared with last year.
• Clean inventory: 87.2% of listings are accident-free.

If you find a listing below $41,525, 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 $42,349 sits slightly below last year's $43,159.

That tells you the market has eased a bit, which can help you as a buyer today but may also mean resale gains are more limited if you plan to sell soon. If you buy at the right price and keep the car in strong condition, you should be better positioned to protect value. The model’s sporty, premium positioning helps, but the softer pricing trend suggests future sellers may need to stay competitive.

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:

• 36.9% of listings are priced as good or great deals.
• Accident-free inventory is solid at 87.2% — always verify the vehicle history report.
• Price trend: Prices have softened 1.88% 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, modern tech, and a market that still offers some deal potential. If you are especially price-sensitive, a nearby model year may be worth comparing, but the 2024 is a strong choice when you want the latest version of this formula without moving up to a larger or less focused luxury sedan.

These recommendations are based on CarGurus' proprietary market data from September 22, 2026, CarGurus experts' opinions, and generative AI.