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Lexus IS 2024 for sale

7 vehicles available

Model & Year Overview

Lexus IS 2024

The 2024 IS continues with the full three-powertrain Canadian lineup — IS 300 AWD, IS 350, and IS 500 F Sport Performance — now backed by three years of owner data on the refreshed platform. The IS 500's naturally aspirated 5.0-litre V8 at 472 horsepower remains a distinguishing technical argument: no direct competitor in the compact luxury sport sedan segment offers a naturally aspirated V8 at this displacement. The IS 300 AWD's snow-mode torque distribution is well-calibrated for Alberta winters, adjusting rear-torque bias smoothly without hunting between axles. Lexus revised the standard 18-inch wheel finish to a darker graphite look on IS 350 F Sport, which resists brake-dust staining more visibly than polished silver. The Lexus Safety System+ 3.0 suite is standard across all IS grades. Check the multi-link rear toe-link bushings on high-mileage examples — a documented wear point on the refreshed rear suspension.

Average Price

From

$40 991

Listings

7

Frequently Asked Questions

01

What IS variants are available in Canada for 2024 and which is the most recommended?

The 2024 Lexus IS lineup in Canada comprises three powertrains: the IS 300 AWD (2.0L turbocharged four-cylinder, 241 hp, from $48,700), the IS 350 AWD (3.5L V6, 311 hp, from $58,500), and the IS 500 F SPORT Performance RWD (5.0L V8, 472 hp, from $83,300). For the majority of Canadian buyers, the IS 300 AWD represents the best entry point: it delivers the core Lexus refinement experience, the all-wheel drive that is essential for winter driving, and a turbocharged powertrain with adequate performance for spirited daily driving. The IS 350 AWD is recommended for buyers who want the atmospheric V6 and its more generous power delivery character. The IS 500 is a rare emotional proposition — one of the last naturally aspirated V8s in a luxury sport sedan — but its rear-wheel-drive-only configuration requires high-performance winter tires and careful winter driving technique. All IS trims receive the Lexus Safety System+ 3.0 suite as standard: automatic emergency braking, adaptive cruise control, lane departure alert, and pedestrian and cyclist detection.

02

Is the 2024 Lexus IS a good first luxury car purchase in Canada?

The 2024 IS is frequently cited as one of the best introductions to the luxury sedan segment in Canada, particularly for buyers between 28 and 40 years old. The IS 300 AWD starting at $48,700 is competitive with the Audi A4 (from $47,900) and less expensive than the BMW 3 Series (from $53,500), while surpassing both on projected long-term reliability and maintenance costs. A first-time luxury buyer will appreciate the simplicity of Lexus maintenance: standard service intervals of 12 months/12,000 km with dealer service costs of $200 to $450 per visit. The 2024 Lexus infotainment with wireless Apple CarPlay and Android Auto is now genuinely competitive — a historical complaint that has been fully addressed. The 4-year/80,000 km general warranty combined with the 6-year/110,000 km powertrain coverage offers valuable peace of mind for a first luxury purchase. Strong Canadian resale value reduces the effective cost of ownership over the typical 3- to 5-year holding period that most Canadian buyers target. Lexus Certified Pre-Owned programs also provide a clear upgrade path when you are ready to move to your next vehicle.

03

How does financing and leasing work for a 2024 Lexus IS in Canada?

Lexus Financial Services Canada regularly offers competitive financing and lease programs on the IS 2024. In typical 2024 lease terms, an IS 300 AWD Premium can be leased for approximately $579 to $629 per month on a 39-month term with $8,000 due at delivery, including 16,000 km of annual mileage. IS leases include Lexus Assist (24-hour roadside assistance) and a complimentary winter wheel and tire program is available at many Canadian Lexus dealers. Financing on 84-month terms at promotional rates (commonly between 1.99% and 3.99% depending on the promotional period) produces monthly payments of approximately $620 to $680 for an IS 300 AWD. Important leasing considerations: Lexus Canada applies a disposition fee at lease-end (typically $400 to $500) and charges excess mileage at $0.15 to $0.20 per km — budget accordingly if you are a high-mileage driver. Refundable security deposits can sometimes reduce the lease money factor. Visiting a dealership at the end of a fiscal quarter (March, June, September, December) typically results in more favourable terms as dealers push to meet volume targets. Pre-approval through Lexus Financial online speeds the delivery process considerably.