Used 2024 Lexus IS for SaleNationwide

How much does the 2024 Lexus IS cost?

Prices have softened 3.57% compared to this time last year, making it a favorable time to shop this model year.

There are 1,320 listings available, which gives you a solid pool to compare prices and equipment.

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, the IS benefits from the third generation’s long list of equipment and updates. Standard content includes passive entry, push-button start, dual automatic climate controls, and Lexus Safety System+ with automatic emergency braking, pedestrian detection, lane departure warning, adaptive cruise control, automatic high beams, and lane-trace assist. Apple CarPlay and Android Auto are part of the infotainment setup, and 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 is a strong fit if you value driving enjoyment, premium feel, and available performance more than everyday space or efficiency. 38.7% of listings are priced as good or great deals, which suggests there are still worthwhile opportunities if you shop carefully.

Is the 2024 Lexus IS reliable?

The 2024 Lexus IS is described as a compact luxury sports sedan with a long-running reputation for being fun to drive, and it also benefits from the third generation’s long list of equipment and updates. Standard safety and convenience content is extensive, which supports a reassuring ownership experience for used buyers.

The model’s appeal is strongest if you want a premium-feeling sedan with a well-equipped cabin and a broad set of driver-assist features. For long-term ownership, the main risk is that you may end up paying for a car that prioritizes style and driving enjoyment over practicality, so condition and maintenance history matter a lot.

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

Accident-free inventory is solid at 83.4% — always verify the vehicle history report.

You should prioritize a history report first, then focus on a thorough inspection of the car’s condition and maintenance records. Pay close attention to signs of prior damage, because a clean history can matter as much as the trim level or feature list when you’re shopping this model.

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 but should move quickly when a strong listing appears.

• Deal availability: 38.7% of listings are priced as good or great deals.
• Inventory: There are 1,320 listings available.
• Price trend: Prices have softened 3.57% compared with last year.
• Clean inventory: 83.4% of listings are accident-free.

If you find a listing below $40,983, 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 $40,983 sits slightly below last year's $42,501.

That softer pricing can help you buy with less risk of overpaying today, but it also suggests resale values have eased compared with a year ago. If you plan to sell later, the best protection is to buy a well-kept example at a competitive price and keep mileage and condition in check. A clean, well-documented car should hold up better than one with questionable history or visible wear.

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:

• 38.7% of listings are priced as good or great deals.
• Accident-free inventory is solid at 83.4% — always verify the vehicle history report.
• Price trend: Prices have softened 3.57% 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 standard equipment, and a market that still offers some deal potential. If you’re more price-sensitive, a nearby model year may be worth comparing, but the 2024 is a sensible primary target if you want the latest version in this year’s market.

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 10, 2026, CarGurus experts' opinions, and generative AI.