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2002 Lexus IS Overview, Reviews, Ratings & Specs

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Jovan | March 31, 2025
The 2002 Lexus IS, part of the first generation (1999-2005), was Lexus's entry into the compact executive car market, aiming to attract younger buyers. It was available as a four-door sedan. Key trims included the IS 300. New pricing in 2002 ranged from around $30,000. Its sporty styling, responsive handling, and Lexus reliability made it a popular alternative to European rivals. Its inline-6 engine and available manual transmission also appealed to enthusiasts.
The Good

The 2002 Lexus IS offered a compelling blend of performance and reliability. Its inline-6 engine delivered satisfying power, while Lexus's reputation for dependability provided peace of mind. The sporty design appealed to emotion, and the comfortable interior made it a practical choice for daily driving. For its age, it offered good value on the used market.

The Bad

Known weaknesses of the 2002 Lexus IS include potential issues with the automatic transmission, particularly rough shifting. Rust can also be a concern in areas with harsh winters. The rear differential bushings are prone to wear, leading to a clunking noise. Suspension components, especially ball joints, should also be inspected for wear and tear. The LCD display in the instrument cluster can fade over time.

2002 Lexus IS: Quick Overview

Key specs for the 2002 Lexus IS 300:

  • Engine: 3.0-liter Inline-6 (2JZ-GE)

  • Horsepower: 215 hp @ 5,800 rpm

  • Torque: 218 lb-ft @ 3,800 rpm

  • Fuel Economy (EPA Estimated):
    • Automatic: 18 mpg city / 25 mpg highway

    • Manual: 18 mpg city / 24 mpg highway

  • 0-60 mph:
    • Automatic: Approximately 7.2 seconds

    • Manual: Approximately 6.8 seconds

  • Towing Capacity: Not Recommended

  • Trim-Level Features (IS 300):
    • Standard: Leather upholstery, power-adjustable front seats, automatic climate control, premium sound system with CD player, alloy wheels, anti-lock brakes (ABS), traction control.

    • Optional: Limited-slip differential (LSD), sunroof, heated front seats, navigation system (rare for this year), upgraded sound system.

    • Interior features: Sport-tuned suspension, unique instrument cluster with chronograph-style gauges, aluminum pedals.

    • Safety Features: Front and side airbags, Vehicle Stability Control (VSC) was available.
The 2002 IS 300 came well-equipped for its time, focusing on a sporty driving experience while maintaining Lexus's luxury standards. The inline-6 engine was a key selling point, offering smooth power delivery and a pleasing exhaust note. While not designed for towing, its focus was on providing a fun and engaging driving experience.

2002 Lexus IS Specifications

Vehicle Information
Year 2002
Make Lexus
Model IS
Trim -
Style -
Type Sedan
Category Compact Car
Manufacturing Details
Made In Japan
Manufacturing City KANEGASAKI
Dimensions
Doors 4-Door
Curb Weight -
Gross Vehicle Weight Rating -
Overall Height -
Overall Length -
Overall Width -
Wheelbase Length -
Standard Seating -
Engine & Performance
Engine 2JZ-GE
Engine Size 3.5L
Engine Cylinders 6
Transmission -
Transmission Type -
Transmission Speeds -
Drivetrain Rear-Wheel Drive
Additional Features
Anti-Brake System -
Steering Type -
Pricing
Manufacturer Suggested Retail Price (MSRP) -
Invoice Price -
Delivery Charges -

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Analysis

What Problems Does the 2002 Lexus IS Have?

Frequently reported problems for the 2002 Lexus IS 300 include issues related to the automatic transmission, particularly rough or delayed shifting, especially as the car ages. The rear differential bushings are known to wear out, leading to a clunking noise from the rear. Suspension components, such as ball joints and control arm bushings, are also subject to wear and may require replacement over time.

Another common issue is the fading or pixelation of the LCD display in the instrument cluster, making it difficult to read the odometer and other information. Rust can be a concern, especially in regions that use road salt during the winter months. Check the undercarriage, wheel wells, and door panels for signs of rust.

While the 2JZ-GE engine is generally reliable, oil leaks can occur from the valve cover gasket and other seals as the car gets older. Ignition coils may also need replacement over time. There have been recalls related to Takata airbags, so check the vehicle's recall history to ensure that any necessary repairs have been performed. Long-term reliability is generally good if the car has been well-maintained, but these are some areas to pay close attention to when considering a used 2002 Lexus IS 300.

How long will the 2002 Lexus IS last?

A well-maintained 2002 Lexus IS 300 can easily exceed 250,000 miles or 20+ years of service. Regular oil changes (every 5,000 miles with synthetic oil is recommended), timely replacement of wear items (brakes, tires, belts), and addressing any issues promptly are crucial for longevity. Proper maintenance of the cooling system is also essential to prevent overheating and potential engine damage. The 2JZ-GE engine is known for its durability, but neglect can shorten its lifespan. Weaknesses over time include suspension wear, rust (especially in northern climates), and potential transmission issues if not properly maintained with fluid changes.

What Technology & Safety Features are Included?

The 2002 Lexus IS 300, for its time, offered a decent array of tech, entertainment, and safety features.

Tech and Entertainment: Standard features included a premium sound system with a CD player and cassette player (typical for the era). Optional features included an upgraded sound system and, rarely, a navigation system. The instrument cluster featured unique chronograph-style gauges.

Driver-Assistance: Driver-assistance features were limited compared to modern cars. It offered standard cruise control.

Safety Features: Standard safety features included front and side airbags, anti-lock brakes (ABS), and traction control. Vehicle Stability Control (VSC) was available as an option.

Crash-Test Ratings: The 2002 Lexus IS 300 received good crash-test ratings from the IIHS (Insurance Institute for Highway Safety) and the NHTSA (National Highway Traffic Safety Administration) at the time. However, it's important to note that crash-test standards have evolved significantly since 2002, so these ratings should be viewed in the context of its time. The NHTSA gave it 5 stars for driver and passenger front impact protection, and 4 stars for side impact protection.

It's important to remember that technology has advanced significantly since 2002, so features like smartphone integration, advanced driver-assistance systems (ADAS), and modern infotainment systems were not available on this model.

What Colors Options are Available?

Exterior Colors
Black Onyx
Millennium Silver Metallic
Intensa Blue Pearl
Graphite Gray Pearl
Blazing Yellow Pearl
White Gold Crystal Shine
Interior Colors
Saddle Leather
Black Leather
Ivory Leather

2002 Lexus IS Prices and Market Value

The 2002 Lexus IS 300 had a starting MSRP of around $30,000 when new. Current used market prices typically range from $4,000 to $12,000 depending on condition, mileage, and location. Depreciation has been significant, as with most vehicles of this age. Factors affecting resale value include: Overall condition (rust-free examples command a premium), mileage, maintenance history, and the presence of desirable options like a manual transmission or limited-slip differential. Cars with documented service records and low mileage will fetch higher prices. Clean title history is also critical.

2002 Lexus IS Cost of Ownership

Insurance costs for a 2002 Lexus IS 300 are generally moderate, depending on the driver's record and location. Fuel economy is decent for its class, but not exceptional. Maintenance costs can be higher than average due to Lexus parts and potential repairs on an older vehicle. While the engine is durable, wear items and age-related issues will require attention. Long-term ownership costs can be moderate to high, depending on the vehicle's condition and how well it has been maintained. It's not the most economical choice, but it's not excessively costly either.

2002 Lexus IS Fuel Efficiency

Fuel Type Gasoline
Fuel Capacity -
City Mileage -
Highway Mileage -

2002 Lexus IS Safety Rating

NHTSA
Overall Rating Not Tested
Overall Frontal Star Rating Not Tested
Side Overall Star Rating Not Tested
Overall Rollover Star Rating Not Tested
Combined Front Seat Rating Not Tested
Combined Rear Seat Rating Not Tested
Overall Frontal Star Rating Not Tested
Frontal Barrier Star Ratings Not Tested
Side Barrier Star Ratings Not Tested
Rollover Resistance Star Rating Not Tested

2002 Lexus IS Insurance

Insurance for a 2002 Lexus IS is moderately priced, reflecting its status as a Sedan with strong safety ratings and
reasonable repair costs.

How Does the 2002 Lexus IS Compare to Other Sedan?

The 2002 Lexus IS 300 competed with cars like the BMW 3 Series (E46), Audi A4 (B6), and Acura TSX. In terms of performance, the IS 300 offered a similar driving experience to the BMW 3 Series, known for its sporty handling, though some argue the BMW had slightly sharper steering. The Audi A4 offered a more luxurious interior but could be less reliable. The Acura TSX, a later model, provided a balance of reliability, features, and value.

The Lexus IS 300 generally had a better reputation for reliability than the Audi A4 and was comparable to the BMW 3 Series and Acura TSX. Features were similar across the board, though the specific packages and options varied by manufacturer. Price-wise, the IS 300 was often competitively priced compared to its German rivals.

Alternatives to consider include the Infiniti G35, which offered more power, and the later Acura TL, providing a comfortable ride and good features. If reliability is a top priority, the Acura TSX (later models) or a well-maintained Honda Accord V6 could be better choices. If driving dynamics are paramount, a well-maintained BMW 3 Series (E46) remains a strong contender. However, the Lexus IS 300 stands out for its unique blend of sporty handling and Lexus reliability.

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5 2022 Mazda MX-30 (4.0★)
6 2024 BMW M3 (0.0★)
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9 2023 Audi A3 (0.0★)
10 2023 Chevrolet Camaro (5.0★)
11 2023 Hyundai Elantra Hybrid (0.0★)
12 2023 Nissan Altima (4.0★)
386 2002 Lexus IS (0.0★)

Final Verdict: Is the 2002 Lexus IS a Good Sedan?

The 2002 Lexus IS 300 is ideal for someone seeking a sporty, reliable, and relatively affordable used car with a touch of luxury. It's a good choice for enthusiasts who appreciate the inline-6 engine and available manual transmission. It's worth buying if you can find a well-maintained example with a clean title and service history, preferably rust-free. A pre-purchase inspection by a qualified mechanic is highly recommended. While buying new isn't an option, focusing on low-mileage, well-cared-for examples is key. The manual transmission version is more desirable for driving enthusiasts, but the automatic is more common. Consider the potential for age-related repairs and maintenance when budgeting for ownership.

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Jovan

Jovan specializes in interpreting vehicle records and making sense of VIN data. With over 10 years of experience in the automotive data industry, his work ensures that every report is clear, accurate, and useful for car buyers.