New Lexus IS for Sale nearSchaumburg, 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 $28,095, and its nationwide average price reached a low of $24,363 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 has broad appeal if you want a sporty luxury sedan with a premium feel and strong owner satisfaction. 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 are limited rear-seat space, modest cargo room, and fuel economy that trails the car’s strengths in style and driving feel.

34.6% 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 dependable character. Across the model years in the data, it earns praise for combining sporty driving manners with a reputation that supports long-term ownership confidence.

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

For used buyers, the 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 62.8% 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 2026 refresh’s updated digital instrumentation and infotainment; it suits you if you want the new look and core luxury-sedan experience.
• F Sport: Adds a firmer suspension and sharpens the performance focus; this is the best-value trim if you want the most engaging setup without moving to the top end.
• F Sport Special Appearance Package: A limited-production version for shoppers who want a more distinctive appearance.

What Lexus IS do most buyers choose?

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

Higher-volume years usually give you more shopping choices, which can make it easier to compare prices, equipment, and condition. They also tend to be the years where you’ll find the broadest mix of listings and deal opportunities.

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 changes are generally modest, with only one year showing a small increase. That pattern suggests the Lexus IS market is softening in several recent model years while still keeping values relatively stable overall.

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

The 2016, 2021, and 2014 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, lane-keep assist, lane-centering assist, evasive steering assist, traffic-sign recognition, 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 −3.91% versus a year ago, and the 2024 model is at −3.57%.
• Deal availability: The 2025 model has 39.2% 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 $40,983. 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 3.5-liter V6 makes 311 horsepower and 280 pound-feet of torque, and the IS 350 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 Lexus Safety System+ 2.5 to version 3.0.
• Starting price: The simplified 2026 Lexus IS lineup has prices ranging from $46,895 to $63,095, including destination.

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