Used Lexus IS for Sale nearMilwaukee, WI

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 $28,194, 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 has a strong all-generations owner rating and a clear identity as a sporty, premium compact sedan. The all-generations owner rating is 4.6/5 across every model year in the data.

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

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

The main tradeoffs across recent expert-tested years center on poor fuel economy, limited cargo space, and incomplete safety ratings.

33.7% of listings are priced as good or great deals.

Are Lexus IS models reliable?

Owners and experts consistently point to the Lexus IS’s strong build quality, premium feel, and long-standing reputation for reliability. Across the model years in the data, it’s a car that tends to earn praise for being stylish, enjoyable to drive, and well put together.

• Owners rate the Lexus IS between 3 and 5 out of 5 stars across all model years in the data.

For used buyers, long-term ownership risk looks manageable if you choose carefully and verify the vehicle’s history and maintenance record.

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

Across all model years, at 63.6% 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 and 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, suited to shoppers who want the updated 2026 IS 350 with the new interior and exterior design.
• F Sport: Adds a firmer suspension and is the best-value trim for buyers who want the sharper performance focus, 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.

Those higher-volume years tend to be popular because they give you a strong mix of availability, newer features, and a wide range of prices. They also make it easier to compare listings and find a trim that fits your budget.

What is the Lexus IS's resale value?

Most model years in the table are down year over year, which points to softer pricing across much of the lineup. That can work in your favor if you’re shopping used, since recent and older examples alike are showing some price relief. One model year is essentially flat to slightly higher, which stands out against the broader pattern.

The 2016 model year is holding steady, with prices close to flat year-over-year.

The 2016, 2021, and 2015 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

For 2026, the IS upgrades to Lexus Safety System+ 3.0, which adds adaptive cruise control, forward-collision warning, pedestrian/cyclist/motorcyclist detection, automatic emergency braking, lane-departure warning, lane-keep assist, lane-centering assist, evasive steering assist, traffic-sign recognition, high-beam assist, blind-spot monitors, rear cross-traffic alert, and a safe-exit warning system.

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 −3.66% versus a year ago, and the 2024 model is at −3.11%.
• Deal availability: The 2025 model has 37.4% good and great deals, and the 2024 model has 38.3%.
• Sweet-spot year: The 2024 model has the most listings at a current average price of $41,098. The Lexus IS offers a sporty, premium driving character with a planted chassis and a finely trimmed interior.

Consider waiting if:

• Powertrain/efficiency: The latest 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, the latest Lexus Interface infotainment system software, and wireless Apple CarPlay and Android Auto headline the latest cabin tech.
• Safety: Lexus Safety System+ 3.0 adds lane-centering assist, evasive steering assist, traffic-sign recognition, and Proactive Driving Assist.
• Starting price: The 2026 IS lineup ranges from $46,895 to $63,095.

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.

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 3, 2026, CarGurus experts' opinions, and generative AI.