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2023 Lexus IS
#7 Best Luxury Compact Cars of 2023

Used 2023 Lexus IS

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2025
2023
Fuel Economy
20 - 25 combined mpg
Horsepower
241 - 472 hp
Engine
3 engines available
Engine Options
  • 4-Cyl, Turbo, 2.0 Liter
  • V6, 3.5 Liter
  • V8, 5.0 Liter
Cargo Volume
10.8 cu ft
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2023 Lexus IS Review

Eric Brandt

By Eric Brandt

Updated January 30, 2025

Eric Brandt is a Senior Editor for Cox Automotive, specializing in expert reviews for Kelley Blue Book and Autotrader. Eric helps shoppers find the right car for their needs, wants, and budget. Eric started writing for Cox Automotive as a freelancer in 2017 and entered his current role in 2022. In addition to car reviews, Eric’s work on KBB and Autotrader has included lists, comparisons, advice, Oversteer articles and videos, and even motorcycle and ATV content.

Pros

  • Lexus quality and reliability
  • Outstanding resale value
  • Several powertrain options

Cons

  • Small back seats
  • Subpar fuel economy

What's New?

  • IS 350 F Sport Design trim
  • Handling Package for IS 350 F Sport
  • 19-inch Enkei wheels for IS 500 F Sport

The Lexus IS is an entry-level luxury car with a lot going for it. It lives up to its brand’s reputation for excellent reliability, impressive safety ratings, and good overall quality. On top of being a reliable and practical luxury sedan, it can be a blast to drive and offers multiple performance upgrades. The IS 350 F Sport has a new Handling Package available with adaptive variable suspension, and the mighty V8-powered IS 500 F Sport delivers muscular performance. Another big perk of the IS is that it’s a repeat winner of our Best Resale Value Award for an entry-level luxury car. Whether you’re looking for a practical luxury vehicle or an exciting sport sedan, there’s something in the Lexus IS lineup for you.

The Lexus IS competes in a diverse class of compact luxury sedans including the Infiniti Q50, BMW 3 Series, Audi A4, and Genesis G70.

2023 Lexus IS Pricing

2023 Lexus IS pricing starts at $35,282 for the IS IS 300 Sedan 4D, which had a starting MSRP of $42,315 when new. The range-topping 2023 IS IS 500 F SPORT Performance Premium Sedan 4D starts at $54,585 today, originally priced from $63,920.

Original MSRP
KBB Fair Purchase Price (national avg.)
$42,315
$35,282
$44,310
$38,744
$46,640
$42,853
$59,420
$53,564
$63,920
$54,585

The Kelley Blue Book Fair Purchase Price for any individual used vehicle can vary greatly according to mileage, condition, location, and other factors. The prices here reflect what buyers are currently paying for used 2023 Lexus IS models in typical condition when purchasing from a dealership. These prices are updated weekly.

Driving the Lexus IS

There are several iterations of the Lexus IS to choose from. The base model is the IS 300, powered by a turbocharged 4-cylinder engine. This engine is more than adequate for everyday driving duties, and it’s the most fuel-efficient variant of the IS. If you upgrade to the IS 300 AWD (all-wheel drive), you get a V6 with more power but less torque than the 4-cylinder.

Drivers craving a little more excitement should consider one of the IS 350 F Sport models. More than just an appearance package, the IS 350 F Sport uses a more aggressive tuning of the V6 engine and adds several other performance upgrades like an F Sport exhaust, a revised intake, and a sport-tuned suspension.

There’s a new IS 350 F Sport Design trim for 2023. It’s a more affordable alternative to the IS 350 F Sport with the performance-tuned V6, sporty appearance package, and F Sport suspension, but it forgoes a few performance and luxury upgrades.

We find the IS 350 entertaining to drive, but if an engaging driving experience isn’t a high priority for you, then you may be more satisfied with the tamer and more efficient IS 300.

Finally, the IS 500 F Sport packs a muscular naturally aspirated V8 engine. This delivers thrilling performance with an intoxicating exhaust note. It’s a throwback to old-school sport sedans while being a thoroughly modern car with sophisticated luxury and tech features.

All-wheel drive is optional on all but the IS 500 F Sport, which is rear-wheel drive exclusively.

So, you have many choices regarding what powers the IS. What they all have in common is a comfortable and composed ride in all driving situations. All you have to do is choose your level of sportiness and whether you want AWD.

If you’re unsure which Lexus IS is right for you, check out this comparison to see them side-by-side.

High-Quality Interior

When we step inside the Lexus IS, we’re welcomed by a comfortable and well-built interior. The seats are comfortable, and you get a nice list of standard features like dual-zone automatic climate control, an 8-inch touchscreen (upgradable to 10.3 inches), and push-button start. We’re big fans of the optional red interior if you’re feeling edgy.

One minor gripe: There’s no obvious place to put your phone. It could be in an awkward spot if you’re using Android Auto or Apple CarPlay.

Front-seat space is generous, even for taller adults. However, the rear seats can be a little cramped. They’re fine for kids, but adults won’t be comfortable back there for long. Consider the roomier Lexus ES if you want a family-friendly luxury sedan.

The trunk space is a little below average for this class.

Bold Design

The Lexus IS benefits from sharp styling and sporty proportions. Crisp body lines make it stand out, and the front end is a tasteful execution of the brand’s signature “spindle” grille flanked by a handsome light signature.

We also love the diverse color palette of paint choices for the IS. You can go with something traditional like Eminent White Peal or Caviar (black), or choose one of the more adventurous colors like Infrared or Ultrasonic Blue Mica 2.0.

The size of the Lexus IS is in line with the compact luxury sedan segment. It’s about the same size as the BMW 3 Series and Cadillac CT4.

Top Features and Tech

1. Mechanical variety
Available with four, six, or eight cylinders and your choice of rear- or all-wheel drive, we love the variety of options under the hood of the Lexus IS. There’s also a new Handling Package available for the IS 350 F Sport that adds Adaptive Variable Suspension, a limited-slip differential, and more.

2. Proven reliability
Like many Lexus models, the IS has a proven track record of outstanding reliability. Sometimes a luxury car is a gamble when it comes to dependability and ownership costs, but the trusty IS comes with peace of mind.

3. Lexus Safety System+ 2.5
This standard safety tech suite bundles the latest safety tech features. It includes automatic emergency braking, full-speed adaptive cruise control, lane-keep assist, automatic high beams, road sign assist, and more.

4. Mark Levinson Premium Audio Package
The optional Mark Levinson audio system brings your music to life. It’s a premium 17-speaker, 1,800-watt audio system with Quantum Logic Surround technology to create an immersive surround-sound experience.

5. Lexus Multimedia System
The Lexus IS comes standard with an 8-inch infotainment system upgradable to a 10.3-inch display with navigation. Both systems include Android Auto, Apple CarPlay, Amazon Alexa, and SiriusXM.

6. IS 500 F Sport
The rip-roaring Lexus IS 500 F Sport is a blast to drive, thanks to the naturally aspirated V8 under the hood. You also get an aggressive appearance package and additional performance upgrades like an adaptive variable suspension, Torsen limited-slip differential, 2-piece aluminum brake rotors, and Yamaha rear performance dampers.

Engine & Transmission

One of the highlights of the Lexus IS is its mechanical variety. Let’s take a closer look at its many powertrain options.

2023 Lexus IS 300: Most Efficient

The base powertrain in the Lexus IS 300 is a turbocharged 4-cylinder engine with rear-wheel drive. The performance is adequate for most drivers, and it’s the most efficient version of the IS.

When you add all-wheel drive to the IS 300, you get a naturally aspirated V6 with more horsepower and less torque than the turbo engine.

All rear-wheel drive IS models use an 8-speed automatic transmission, while all-wheel drive models use a 6-speed automatic.

2.0-liter turbocharged 4-cylinder (IS 300 RWD)
241 horsepower @ 5,800 rpm
258 lb-ft of torque @ 1,650-4,400 rpm
EPA city/highway fuel economy: 21/31 mpg

3.5-liter V6 (IS 300 AWD)
260 horsepower @ 6,400 rpm
236 lb-ft of torque @ 2,000-4,800 rpm
EPA city/highway fuel economy: 19/26 mpg

2023 Lexus IS 350 F Sport: 311 Horsepower

Drivers looking for a practical luxury sedan with a little more muscle will like the Lexus IS 350 F Sport. It uses a V6 like the IS 300 AWD, but it’s tuned for better performance. With more than 300 horsepower, it adds some excitement to the IS while keeping the pricing reasonable. Rear-wheel drive is standard, all-wheel drive is optional.

3.5-liter V6 (IS 350 RWD, AWD)
311 horsepower @ 6,400 rpm
277 lb-ft of torque @ 4,800 rpm
EPA city/highway fuel economy: 20/28 mpg (RWD), 19/26 mpg (AWD)

2023 Lexus IS 500 F Sport: Mighty V8

The mighty IS 500 F Sport packs a powerful naturally aspirated V8 under the hood. V8 engines are becoming rare in luxury cars, especially in this compact class. The performance is thrilling, and the exhaust note is satisfying throughout the rev range. You can only get the IS 500 with rear-wheel drive.

5.0-liter V8 (IS 500 RWD)
472 horsepower @ 7,100 rpm
395 lb-ft of torque @ 4,800 rpm
EPA city/highway fuel economy: 17/25 mpg


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2023 Lexus IS
KBB.com Consumer Reviews

4.2
Consumer Rating
Based on 14 Consumer Reviews
Write a Review
77%Recommend this vehicle
5
79%
5
79%
4
0%
4
0%
3
0%
3
0%
2
7%
2
7%
1
14%
1
14%
Value
4.0
Performance
4.2
Quality
4.2
Comfort
4.1
Reliability
4.6
Styling
4.5

Trending Topics in KBB.com Consumer Reviews

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2023 Lexus IS Styles

Style
Price
Combined Fuel Economy
Horsepower
Engine
Cargo Capacity
Torque
0-60
Top Speed
Curb Weight
IS 300 Sedan 4D
$35,282
25 MPG
241 @ 5200 RPM
4-Cyl, Turbo, 2.0 Liter
10.8 cu ft
258 lb-ft
6.9 seconds
143 mph
3715 lbs
IS 350 F SPORT Design Sedan 4D
$38,744
23 MPG
311 @ 6600 RPM
V6, 3.5 Liter
10.8 cu ft
280 lb-ft
5.6 seconds
143 mph
3748 lbs
IS 350 F SPORT Sedan 4D
$42,853
23 MPG
311 @ 6600 RPM
V6, 3.5 Liter
10.8 cu ft
280 lb-ft
5.6 seconds
143 mph
3748 lbs
IS 500 F SPORT Performance Sedan 4D
$53,564
20 MPG
472 @ 7100 RPM
V8, 5.0 Liter
10.8 cu ft
395 lb-ft
4.4 seconds
149 mph
3891 lbs
IS 500 F SPORT Performance Premium Sedan 4D
$54,585
20 MPG
472 @ 7100 RPM
V8, 5.0 Liter
10.8 cu ft
395 lb-ft
4.4 seconds
149 mph
3891 lbs
See Full Specs for All 2023 Lexus IS Styles
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2023 Lexus IS Depreciation

A 2023 Lexus IS has depreciated $5,526 or 14% in the last 2 years and has a current resale value of $33,015 and trade-in value of $29,359.

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2023 Lexus IS
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2023 Lexus IS Annual Depreciation

Year
Vehicle Depreciation*
Resale Value
Trade-In Value
2023
-
$38,541
$34,895
2024
$4,428
$34,113
$30,317
Now
$1,098
$33,015
$29,359
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2-Year Forecasted Depreciation

*Depreciation for the last 12 months of the private party resale value.

2023 Lexus IS Depreciation

Annual Depreciation is an estimation of what your vehicle's value might be over time based on an average of similar vehicles. Estimations are calculated by comparing Kelley Blue Book Private Party Values of vehicles similar to yours over time, as well as forecasts from Manheim Auction data comparing current and projected auction values against current Kelley Blue Book Private Party and Trade-In Values. This is not a guarantee of actual depreciation. Local weather conditions, market factors and driver performance will also impact your vehicle's actual depreciation.


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Specifications

Dimensions, Weights & Capacities

Curb Weight
3715 lbs.
EPA Passenger
90.2 cu.ft.
Fuel Capacity
17.4 gallons
Front Head Room
38.2 inches
Front Leg Room
44.8 inches
Max Seating Capacity
5
Minimum Ground Clearance
5.5 inches
Overall Length
185.4 inches
Front Shoulder Room
55.9 inches
Trunk or Cargo Capacity
10.8 cu.ft.
Turning Diameter
34.2 feet
Wheel Base
110.2 inches

Exterior

Alloy Wheels
Available
Moon Roof/Sun Roof
Available
Number of Doors
4 doors
LED Headlights
Available
Rear Spoiler
Available

Fuel Economy

City
21 mpg
Highway
31 mpg
Combined
25 mpg

Mechanical

Drivetrain
RWD
Transmission Type
Automatic
8 speed
Available
Recommended Fuel
Premium
Parking Assist System
Available

Performance

Horsepower
241 @ 5200 RPM
Torque
258 @ 1650 rpm
Engine
4-Cyl, Turbo, 2.0 Liter
0 to 60
6.9 seconds
Top Speed
143 mph

Warranty

Basic
4 years / 50000 miles
Powertrain
6 years / 70000 miles
Corrosion
6 years / Unlimited miles

Comfort & Convenience

  • Remote Control Liftgate/Trunk Release
  • Climate Control Air Conditioning
  • Heated Steering Wheel
  • Integrated Garage Door Opener

Entertainment

  • MP3 Player
  • Premium Radio
  • Satellite Radio
  • Bluetooth Streaming Audio
  • CD Player

Interior

  • Leather-Wrapped Steering Wheel
  • Power Windows
  • Rear Window Defroster
  • 12V Power Outlet
  • Power Outlet
  • Steering Wheel Controls
  • Tilt Steering Wheel
  • Tilt/Telescoping Steering Wheel

Seating

  • Folding Rear Seat
  • Heated Seats
  • Dual Power Front Seats
  • Power Driver's Seat

Security

  • Alarm System

Technology

  • Bluetooth Wireless Technology
  • Cruise Control
  • Hands Free Phone
  • Navigation System
  • Remote Keyless Entry
  • Internet Access
  • Proximity Sensing Keyless Entry
  • Push-Button Engine Start
  • Remote Engine Start
  • Smartphone Interface
  • Touch Screen Monitor
  • USB Port
  • Voice Recognition System

2023 Lexus IS Safety

2023 Lexus IS Safety Technology

Dynamic Radar Cruise Control

Standard full-speed adaptive cruise control keeps a safe distance from the car in front of you while cruise control is on, even in a traffic jam.

Lane Departure Alert with Steering Assist

This standard feature helps minimize the chances of inadvertently drifting out of your lane.

Pre-Collision System

A standard pre-collision system combines forward collision warning, automatic emergency braking, pedestrian detection, and cyclist detection to help stop the car if it detects a potential collision.

5.0

Crash Test Rating

Provided by the National Highway Traffic Safety Administration
Frontal Crash
4.0
Side Barrier
5.0
Rollover Rating
5.0
Side Crash
5.0

Compare to Similar Vehicles

Used 2023
Lexus IS
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Volvo S60
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Audi A5
Used 2023
Audi A4
See Details
Price
$35,282
$33,428
$32,912
$29,311
KBB.com Rating
4.0
3.9
4.6
4.5
Consumer Rating
4.2
4.4
4.1
4.5
Fuel Economy
City 21/Hwy 31/Comb 25 MPG
City 26/Hwy 35/Comb 30 MPG
City 24/Hwy 33/Comb 28 MPG
City 24/Hwy 33/Comb 28 MPG
Fuel Type
Gas
N/A
N/A
N/A
Safety Rating
5.0
5.0
5.0
5.0
Seating Capacity5555
Basic Warranty
4 years or 50000 miles
4 years or 50000 miles
4 years or 50000 miles
4 years or 50000 miles
Horsepower
241 @ 5200 RPM
247 @ 5400 RPM
201 HP
201 HP
Engine
4-Cyl, Turbo, 2.0 Liter
4-Cyl, Drive-E, Turbo, 2.0 Liter
4-Cyl, Turbo, 2.0 Liter
4-Cyl, Turbo, 2.0 Liter
Drivetrain
RWD
FWD
AWD
AWD

2023 Lexus IS Rankings

More Lexus IS News & Information

General
Honda, Lexus Win Resale Value Awards

No one should mistake a car for a solid investment. Cars fluctuate in value, and no one can crash into…

Sean Tucker December 04, 2023
Entry Level Luxury Car
Here’s Everything You Get on a Fully Loaded 2021 Lexus IS

Even at its base starting price of right around $40,000, the Lexus IS is a fun, stylish, well-equipped luxury sedan.…

Jason Allan May 12, 2021
Entry Level Luxury Car
2022 Lexus IS 500 F Sport Performance Gets Limited Launch Edition

The V8-powered 2022 Lexus IS 500 F Sport Performance model is already an exclusive version of the sport sedan, but…

Sean Tucker March 22, 2021

FAQs

How much is a 2023 Lexus IS?

The 2023 Lexus IS starts at $40,585. The range-topping IS 500 F Sport Performance Premium kicks off at $62,770.

Is the 2023 Lexus IS reliable?

The Lexus brand has a tremendous record for reliability, and the IS is no exception. It consistently earns excellent reliability ratings.

Is the 2023 Lexus IS rear-wheel drive?

The Lexus IS is a rear-wheel-drive sports sedan that’s also available with all-wheel drive.

Is the 2023 Lexus IS a good vehicle?

Yes, the 2023 Lexus IS is a good car. Its Kelley Blue Book rating of 4 out of 5 is within 10% of our average rating.

What is the MPG for a 2023 Lexus IS?

2023 Lexus IS city/highway fuel economy ratings range from 17/25 mpg to 21/31 mpg, depending on trim and equipment.

How much should a 2023 Lexus IS cost?

Used 2023 Lexus IS prices currently range from $35,282 for the IS 300 Sedan 4D to $54,585 for the IS 500 F SPORT Performance Premium Sedan 4D when purchasing from a dealership, depending on a range of factors like equipment, mileage, and condition.

What's the cheapest Lexus IS?

The cheapest 2023 Lexus IS is the IS 300 Sedan 4D, with a Kelley Blue Book Fair Purchase Price of $35,282.

Is the 2023 Lexus IS reliable?

The 2023 Lexus IS is part of the 4th-generation IS, which our owners give an above-average reliability rating of 4.6 out of 5.

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