New Lexus IS for Sale nearJanesville, 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 $28,143, and its nationwide average price reached a low of $24,318 over the past year. 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 4.6/5 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 that show up in recent expert reviews are limited cargo space, a noisy cabin in some situations, and value that can feel less compelling than the driving experience and premium presentation.

32.9% of listings are priced as good or great deals.

Are Lexus IS models reliable?

Owners and experts consistently praise the Lexus IS for its strong build quality, premium feel, and sporty driving character. The model’s long-running reputation for reliability also comes through clearly in the owner feedback and expert commentary.

• 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 maintenance and history.

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

Across all model years, at 64.5% 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, with the 3.5-liter V6 and the core 2026 refresh; a good starting point if you want the updated cabin and exterior.
• F Sport: Adds a firmer suspension and is the best-value trim if you want the sharper driving feel, with an available Handling Package for even more capability.
• 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 combine strong availability with newer equipment and broad shopper appeal. They also give you more listings to compare, which can make it easier to find the right price and condition.

What is the Lexus IS's resale value?

Most Lexus IS model years are trending lower year over year, which can work in your favor if you’re shopping used. The declines are generally modest, with the smallest changes concentrated in the older model years and the 2021 model year. That points to a market where prices are easing rather than surging.

The 2015 and 2016 model years are holding steady, with prices close to flat year-over-year.

The 2015, 2016, and 2021 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 Lexus Safety System+ 3.0 suite is standard across the lineup.

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 −2.22% versus a year ago, and the 2024 model is at −2.54%.
• Deal availability: The 2025 model has 37.1% good and great deals, and the 2024 model has 37.5%.
• Sweet-spot year: The 2024 model has the most listings at a current average price of $41,510. The Lexus IS offers a sporty, premium driving character that makes it appealing if you want a compact luxury sedan with personality.

Consider waiting if:

• Powertrain/efficiency: The IS 350 has a 3.5-liter V6 engine making 311 horsepower and 280 pound-feet of torque. RWD models have an eight-speed automatic transmission, while AWD models have a six-speed automatic.
• Tech: Two 12.3-inch displays greet occupants when they get into the Lexus IS, 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.

How does the 2022 Lexus IS compare to the 2022 BMW 3 Series?

Expert Pros & Cons (per CarGurus review team)

2022 Lexus IS:

• Pros: Fun to drive, Easy-to-use technology, Standard advanced safety features.
• Cons: Not much cargo space, Noisy, Poor value for money.

2022 BMW 3 Series:

• Pros: Fun to drive, Multiple powertrain options, Easy-to-use technology.
• Cons: Manual transmission not available, Advanced safety features are not standard, Stereo is lacking.

Our experts score the 2022 Lexus IS 8.2/10 and the 2022 BMW 3 Series 8.7/10. The Lexus IS gives you standard advanced safety features and a lower average used price, while the BMW 3 Series brings multiple powertrain options and a higher expert score. If you want the more affordable used pick, the Lexus stands out; if you want broader powertrain choice, the BMW has the edge.

Read our full side-by-side expert comparison here.

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