Used Lexus IS for Sale nearChicago, IL

How much does the Lexus IS cost in today's market?

Used Lexus IS prices span a wide range depending on model year. Here's what the market looks like right now:

The Lexus IS's current nationwide average price is $28,807, and its lowest point over the past year was $24,319. Recently, prices have come down for the 2023, 2024, and 2025 models, making now a good time to shop recent model years.

Is the Lexus IS a good car?

Yes — the Lexus IS is a strong pick if you want a sporty luxury sedan with a polished feel and a long-running reputation for quality. The all-generations owner rating is 4.61/5 across every model year in the data.

Owners consistently praise the Lexus IS for its sporty design, smooth handling, and luxurious interior. Reliability and build quality also come up often, along with the car’s balanced mix of performance and comfort.

Expert reviews rate the 2015 and 2022 models among the highest across all years.

The main trade-offs center on rear-seat space, cargo room, and fuel economy, especially in recent expert-reviewed years. If you want a compact luxury sedan that feels engaging and premium, those compromises may be easy to accept.

35.3% of listings are priced as good or great deals.

Are Lexus IS models reliable?

Owners and experts consistently point to the Lexus IS as a well-built, stylish sedan with a sporty driving feel and a premium cabin. The model’s long-running reputation for quality and reliability is a recurring strength across the years in the data.

• Owners rate the Lexus IS between 3.0 and 5.0 out of 5 stars across all model years in the data.

For used buyers, long-term ownership risk looks manageable when you choose a well-maintained example and verify its history carefully.

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

Across all model years, at 65.6% accident-free, a meaningful share of listings has prior incidents — history verification is especially important.

Older model years carry meaningfully higher accident rates, so always verify the vehicle history report on pre-2022 models.

Key things to evaluate:

• Safety package: Lexus Safety System+ 3.0
• Infotainment: 12.3-inch touchscreen with the latest Lexus Interface infotainment system software, plus wireless Apple CarPlay and Android Auto
• Fuel efficiency: 22 mpg combined

Which Lexus IS trim should I buy?

The 2026 Lexus IS offers these trims:

• F Sport Design: The least expensive trim, with the 3.5-liter V6 and the new 2026 interior and exterior updates.
• F Sport: Adds a firmer suspension and is the best-value trim if you want the sharper driving feel, with an optional Handling Package that adds a limited-slip rear differential, a performance-tuned adaptive suspension, and additional driving modes.
• F Sport Special Appearance Package: A limited-production version for shoppers who want a more distinctive look.

What Lexus IS do most buyers choose?

The Lexus IS years with the most listings are 2024, 2023, and 2025.

Higher-volume years tend to be popular because they give you more inventory to compare, which can make it easier to find the right color, trim, and price. They also often sit in a sweet spot between newer features and broader availability.

What is the Lexus IS's resale value?

Most model years are down year over year, which is helpful if you’re shopping used and want more room to negotiate. The declines are generally modest, with only one year showing a gain. That points to a market where prices are easing in many places rather than moving sharply in one direction.

The 2015 and 2023 model years are holding steady, with prices close to flat year-over-year.

The 2021, 2015, and 2023 model years have held their value best, with the smallest year-over-year price changes.

Is the Lexus IS safe?

• 2026: 6/10
• 2022: 8/10
• 2021: 7/10
• 2015: 9/10

Lexus Safety System+ 3.0 is standard on the 2026 IS, bringing adaptive cruise control, automatic emergency braking, lane-keep assist, lane-centering assist, blind-spot monitors, rear cross-traffic alert, and more.

For the safest used buy, the 2015 model posts the highest confirmed score of 9/10.

Should I buy a used Lexus IS now or wait for the next model?

Buy now if:

• Price trend: The 2025 model is at −2.16% versus a year ago, and the 2024 model is at −2.8%.
• Deal availability: The 2025 model has 40.6% good and great deals, and the 2024 model has 38.7%.
• Sweet-spot year: The 2024 model has the most listings at a current average price of $41,881. The Lexus IS offers a sporty, premium driving character with a polished cabin and a strong reputation for quality.

Consider waiting if:

• Powertrain/efficiency: The IS 350 has a 3.5-liter V6 engine making 311 horsepower and 280 pound-feet of torque, and it is EPA-rated at 22 mpg combined.
• Tech: Two 12.3-inch displays greet occupants, and wireless Apple CarPlay and Android Auto are standard.
• Safety: For 2026, the IS upgrades from the Lexus Safety System+ (LSS+) 2.5 driver-assistance tech to version 3.0, and the list of features is a long one.
• Starting price: Prices range from $46,895 to $63,095, including the $1,345 destination charge.

If you're buying used today, the 2024 model year offers the best mix of value and availability. If you want the latest tech and features, it may be worth waiting for the next model year's inventory to build up.

These recommendations are based on CarGurus' proprietary market data from October 6, 2026, CarGurus experts' opinions, and generative AI.