The 2023 Lexus IS sits at a median of $42,900 in the Canadian market. Most cars land between $40,497 and $43,995, so if you're seeing a clean example asking inside that band, you're looking at a fair number. Below $40,497 and something's working in your favour: high mileage, a needed reconditioning, or a seller who wants out.
Median mileage right now is 48,400 km. That's the reference point to keep in your head when you read an odometer, because the price moves with it. Every extra 10,000 km knocks roughly $642 off. A car with 80,000 km is running about 30,000 past median, which pencils out to close to $1,900 less than a same-trim example at the median. Useful math when a low-mileage car is asking a premium.
How the trims stack up
The F Sport 2 leads at a $43,844 median, with typical asking prices from $41,866 to $44,825. You pay for the badge here. The Base trim runs a $42,393 median but has the widest spread of the three, $38,950 to $43,448, which means patience pays off. A Base car near the bottom of its range is the cheapest way into this model year by a decent margin.
Premium is the odd one. Its $41,980 median comes in below Base, and its range is tight, $41,192 to $42,789. There's little room to negotiate, but also little risk of overpaying. If you want a predictable price and don't care about the F Sport look, it's the straightforward pick.
Fifteen deals got flagged on the 2023 IS in the last 90 days, so priced-right cars do surface. Know your target trim, adjust for the odometer using that $642 figure, and you'll spot a good one when it lands.
Price by trim
| Trim | Median price | Typical range |
|---|---|---|
| F Sport 2 | $43,844 | $41,866–$44,825 |
| Base | $42,393 | $38,950–$43,448 |
| Premium | $41,980 | $41,192–$42,789 |
Numbers reflect live listings across Canada over the last 90 days, filtered for outliers. Data as of . Prices in CAD.