The median 2024 Lexus IS runs $46,242 in the Canadian market, with most cars landing between $43,850 and $47,806. That's a tight band. If a seller is asking above $47,800, you've got room to push back, and anything under $43,850 deserves a hard look at why it's cheap.
Mileage on these is still low, sitting around 31,152 km at the median. That matters for how you read a price. A car with well under 30,000 km at the top of the range is closer to fair than one showing 45,000 km asking the same money.
What mileage does to the price
Every 10,000 km knocks about $442 off the asking price. So the gap between a 20,000 km car and a 40,000 km car is roughly $880 in real terms. Small next to the $46K sticker, which tells you the market isn't punishing higher-km examples much yet. Buy the cleaner history, not just the lower odometer reading.
Trim is where the real spread shows up. The F Sport 2 sits at a median of $46,900, tightly clustered between $46,242 and $47,495. The Premium comes in cheaper at $43,310, typically $42,805 to $45,248. That's about $3,600 between them at the median.
If you want the value play, the Premium is it. You're paying a clear premium for the F Sport 2 badge and its kit. Decide whether that gear is worth the extra money before you anchor on the F Sport listings. We've flagged 13 deals on the 2024 IS in the last 90 days, so priced-right cars do surface.
Price by trim
| Trim | Median price | Typical range |
|---|---|---|
| F Sport 2 | $46,900 | $46,242–$47,495 |
| Premium | $43,310 | $42,805–$45,248 |
Numbers reflect live listings across Canada over the last 90 days, filtered for outliers. Data as of . Prices in CAD.