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Lexus IS 2023 for sale

6 vehicles available

Model & Year Overview

Lexus IS 2023

The 2023 IS lineup gains the IS 500 F Sport Performance — the first V8-powered IS since the IS F ended in 2014. The naturally aspirated 5.0-litre V8 produces 472 horsepower, paired with a ten-speed automatic and rear-wheel drive only. The IS 500 offers a genuinely different character from the turbocharged competition: immediate throttle response, a distinctive exhaust note, and a high-revving character that suits canyon roads in BC's Interior. The IS 300 and IS 350 carry over unchanged for buyers who prioritise all-weather versatility over outright performance. The Lexus Interface multimedia system on 2023 models received software updates improving responsiveness. F Sport Series 2 and Series 3 trim levels on the IS 500 add carbon fibre interior accents and Brembo front brakes. Confirm brake pad material on any IS 500 with significant mileage — the larger callipers suit high-performance compound only.

Average Price

—

From

$38 888

Listings

6

2023 Lexus IS
Featured

2023 Lexus IS

IS

60 558 km
38 888 $
2023 Lexus IS
Featured

2023 Lexus IS

32 883 km
44 590 $
2023 Lexus IS
Featured
Accident-Free

2023 Lexus IS

43 115 km
42 694 $
2023 Lexus IS
Featured

2023 Lexus IS

300 AWD AUTO AC

32 020 km
39 998 $
2023 Lexus IS
Featured

2023 Lexus IS

28 983 km
42 393 $
2023 Lexus IS
Featured

2023 Lexus IS

60 800 km
39 911 $
2023 IS SpecificationsAll Lexus ISAll Lexus Models

Frequently Asked Questions

01

What is the complete 2023 Lexus IS lineup in Canada: which engines and which trims?

The 2023 Lexus IS in Canada is offered in two powertrain configurations. The IS 300 AWD uses a 2.0L turbocharged 4-cylinder producing 241 hp (258 lb-ft) paired with an 8-speed automatic transmission and standard all-wheel drive (AWD) — starting price approximately $47,050. The IS 350 AWD uses a naturally aspirated 3.5L V6 producing 311 hp (280 lb-ft), also in standard AWD, starting at approximately $56,050. Both versions share the same sport sedan platform and the same trim levels: base, Luxury, F SPORT 1, F SPORT 2, and F SPORT 3. The IS 300 rear-wheel drive (RWD) is not available in Canada for 2023. The IS 2023 retains the exterior design introduced in 2021, characterized by the enlarged hourglass grille and claw-shaped taillights. This is the final model year for the IS with the 3.5L V6, Lexus having announced discontinuation of this engine in the IS after 2023. The IS is manufactured at Toyota's Tahara plant in Japan and all Canadian models are imported directly.

02

2023 Lexus IS 300 or IS 350: which one to choose in Canada?

Choosing between the IS 300 and IS 350 2023 in Canada primarily depends on the buyer's priorities. The IS 300 AWD, with its 241 hp 2.0L turbo 4-cylinder, has a MSRP approximately $9,000 lower than the IS 350. Its official consumption is approximately 10.4L/100 km combined (vs. 12.4 for the IS 350), representing annual savings of approximately $660 for 20,000 km at $1.65/L. Its performance is respectable (0-100 km/h in approximately 6.4 seconds) but inferior to the IS 350 (5.6 seconds in F SPORT 3 AWD). The IS 350, with its naturally aspirated V6, offers a sound and power linearity that appeals to drivers who value the driving experience beyond raw figures. Torque builds progressively rather than turbocharged swell, translating to a more enjoyable experience in spirited driving on winding roads. For daily urban use — Toronto, Montreal, Vancouver — the IS 300 is more economical and sufficiently powerful. For driving enthusiasts, the IS 350 F SPORT 3 will represent the pinnacle of Lexus sport sedan engineering with a V6 before its retirement.

03

What are the insurance costs for the 2023 Lexus IS in Canada?

Auto insurance premiums for the 2023 Lexus IS in Canada vary considerably by province, trim, and driver profile. As indicative figures for a 35-year-old driver with a clean record: in Ontario (competitive private market), insurance on an IS 350 F SPORT typically costs between $2,200 and $3,600 per year depending on the city (Toronto being the most expensive). In Quebec (mixed regime with SAAQ for bodily injury), the total premium sits between $1,200 and $2,000 including license plate. In Alberta (private market), premiums range between $1,600 and $2,800 depending on the postal code. In British Columbia (ICBC mandatory), the regime is compulsory and premiums fall between $1,400 and $2,200. Factors that increase the premium include claims history, the F SPORT trim (sport vehicle classification), and high replacement value. Lexus offers a telematics program (LSS+) that can reduce premiums with certain Canadian insurers. The theft rating of the Lexus IS is moderate in Canada compared to more common Japanese or Korean brands.