The 2002 Lexus IS 300, part of the first generation IS series (1998-2005 globally, 2000-2005 in Japan), arrived in North America for the 2001 model year. This compact executive sport sedan was designed to compete with established European rivals. Available as a four-door sedan, it featured a single key trim level that emphasized sporty luxury. Its popularity stemmed from offering Lexus' renowned reliability and comfort in a more driver-focused package, often with the option of a manual transmission, a rarity in its class.
The Good
The 2002 IS 300 offers a compelling blend of spirited performance with its inline-six engine, legendary Lexus reliability for peace of mind, and a refined, comfortable interior. Its sleek, timeless design appeals to style-conscious buyers, while its robust build and decent fuel economy provide practical value for everyday driving.
The Bad
Potential buyers of the 2002 Lexus IS 300 should be aware of possible issues with the automatic transmission shifting, particularly the 5-speed. Interior wear, such as seat bolster wear and dashboard material degradation, is also common. Additionally, check for any signs of rust, especially in colder climates, and ensure the timing belt has been replaced according to schedule.
2002 Lexus IS 300: Quick Overview
- Engine Options: The 2002 Lexus IS 300 came standard with a single engine: a 2.0-liter inline-6 gasoline engine (1G-FE).
- Horsepower: This engine produced approximately 215 horsepower at 5,600 rpm.
- Torque: Peak torque was around 218 lb-ft at 3,800 rpm.
- Transmission: Buyers had a choice between a 5-speed manual transmission or a 5-speed automatic transmission. The manual transmission was a significant draw for enthusiasts.
- Drivetrain: Rear-wheel drive (RWD) was standard on all models.
- Fuel Economy: Estimated EPA fuel economy for the 2002 IS 300 was around 18 mpg city and 24 mpg highway for both transmission options, though real-world figures can vary.
- 0-60 Times: Acceleration from 0 to 60 mph was typically in the mid-to-high 7-second range, depending on the transmission and driving conditions.
- Towing Capacity: The 2002 Lexus IS 300 was not designed for towing, and towing capacity is not applicable.
- Trim-Level Features: The IS 300 was offered in a single, well-equipped trim level that included many luxury and sport-oriented features as standard. Key features often included:
- Leather-trimmed seats
- Power-adjustable front seats
- Automatic climate control
- Power moonroof
- Xenon HID headlights
- Premium audio system (often with a 6-disc CD changer)
- Anti-lock Braking System (ABS)
- Traction Control (TRAC)
- Vehicle Stability Control (VSC)
- 17-inch alloy wheels
- Fog lights
2002 Lexus IS 300 Specifications
Vehicle Information
| Year | 2002 |
| Make | Lexus |
| Model | IS 300 |
| Trim | - |
| Style | Sedan 5-Speed |
| Type | Sedan |
| Category | Compact Car |
Manufacturing Details
| Made In | Japan |
| Manufacturing City | KANEGASAKI |
Dimensions
| Doors | 4-Door |
| Curb Weight | 3285 pounds |
| Gross Vehicle Weight Rating | - |
| Overall Height | 55.50 inches |
| Overall Length | 176.60 inches |
| Overall Width | 67.90 inches |
| Wheelbase Length | 105.10 inches |
| Standard Seating | 5 |
Engine & Performance
| Engine | 3.0-L L-6 DOHC 24V |
| Engine Size | 3L |
| Engine Cylinders | 6 |
| Transmission | 5-Speed Manual |
| Transmission Type | Manual |
| Transmission Speeds | 5-Speed |
| Drivetrain | Rear-Wheel Drive |
Additional Features
| Anti-Brake System | 4-Wheel ABS |
| Steering Type | Rack & Pinion |
Pricing
| Manufacturer Suggested Retail Price (MSRP) | $29,435 |
| Invoice Price | $25,901 |
| Delivery Charges | $545 |
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What Problems Does the 2002 Lexus IS 300 Have?
The 2002 Lexus IS 300 is generally regarded as a reliable vehicle, a hallmark of the Lexus brand. However, like any car, it has some known issues that owners should be aware of. One of the more commonly reported concerns revolves around the 5-speed automatic transmission, particularly the Aisin Warner unit. Some owners have experienced hesitant shifting, delayed engagement, or even premature failure, especially in higher mileage examples. Regular maintenance, including fluid changes, is crucial to prolong its life.
Interior wear is another area to watch. The leather on the seats, particularly the driver's side bolster, can wear down over time. The dashboard material, while appearing premium, can also become sticky or develop cracks due to sun exposure. The power window regulators can also be a point of failure, leading to windows that won't go up or down.
For models equipped with the HID headlights, the ballasts can eventually fail, leading to dim or non-functional lights. It's important to ensure both headlights are working correctly.
Cooling system components, such as the radiator and water pump, can age and may require replacement. Overheating due to a failing radiator or water pump can lead to more significant engine problems, so keeping an eye on coolant levels and the temperature gauge is important.
While less common, some owners have reported issues with the fuel pump failing. Symptoms can include hard starting or stalling while driving.
Regarding recalls, specific recalls for the 2002 IS 300 are generally minor and have been addressed over the years. However, it's always advisable to check the National Highway Traffic Safety Administration (NHTSA) website for any outstanding recalls on a particular vehicle.
Long-term reliability is generally strong for the IS 300, provided it has been regularly maintained. The robust inline-six engine and the overall build quality contribute to its longevity. The key to avoiding major issues is proactive maintenance, addressing minor problems before they escalate, and being aware of these commonly reported weaknesses when inspecting a used model.
Interior wear is another area to watch. The leather on the seats, particularly the driver's side bolster, can wear down over time. The dashboard material, while appearing premium, can also become sticky or develop cracks due to sun exposure. The power window regulators can also be a point of failure, leading to windows that won't go up or down.
For models equipped with the HID headlights, the ballasts can eventually fail, leading to dim or non-functional lights. It's important to ensure both headlights are working correctly.
Cooling system components, such as the radiator and water pump, can age and may require replacement. Overheating due to a failing radiator or water pump can lead to more significant engine problems, so keeping an eye on coolant levels and the temperature gauge is important.
While less common, some owners have reported issues with the fuel pump failing. Symptoms can include hard starting or stalling while driving.
Regarding recalls, specific recalls for the 2002 IS 300 are generally minor and have been addressed over the years. However, it's always advisable to check the National Highway Traffic Safety Administration (NHTSA) website for any outstanding recalls on a particular vehicle.
Long-term reliability is generally strong for the IS 300, provided it has been regularly maintained. The robust inline-six engine and the overall build quality contribute to its longevity. The key to avoiding major issues is proactive maintenance, addressing minor problems before they escalate, and being aware of these commonly reported weaknesses when inspecting a used model.
How long will the 2002 Lexus IS 300 last?
Based on owner data and typical maintenance, the 2002 Lexus IS 300 is capable of achieving well over 200,000 miles, with many examples exceeding 250,000 miles. Its long-term durability is a significant strong suit, thanks to its robust inline-six engine and the renowned build quality of Lexus. With consistent and timely maintenance, particularly oil changes, transmission fluid flushes, and replacement of wear items like belts and hoses, the IS 300 can provide many years of reliable service. The primary weaknesses that can affect longevity over time are related to aging components, such as the automatic transmission, suspension bushings, and the potential for rust in harsh climates if not properly protected. However, the core powertrain remains remarkably durable.
What Technology & Safety Features are Included?
The 2002 Lexus IS 300, while not a cutting-edge tech marvel by today's standards, offered a respectable suite of features for its era, blending luxury and functionality.
Entertainment systems typically included a premium audio system, often with a 6-disc in-dash CD changer, providing good sound quality for its time. While Bluetooth connectivity and USB ports were not available, the audio system was designed to deliver a pleasant listening experience. An optional navigation system was available on some models, adding a layer of convenience for longer journeys.
Built-in tech features were focused on driver comfort and convenience. Automatic climate control ensured a comfortable cabin temperature, and power-adjustable front seats with memory functions added to the luxurious feel. Xenon High-Intensity Discharge (HID) headlights were a standout feature, providing superior illumination compared to traditional halogen bulbs and enhancing nighttime visibility.
Driver-assistance features, while basic by modern standards, included standard Anti-lock Braking System (ABS) for improved stopping control and Traction Control (TRAC) to help prevent wheel spin. Vehicle Stability Control (VSC) was also available, further enhancing the car's ability to maintain control in challenging driving conditions. These systems contributed to a safer driving experience, particularly for a rear-wheel-drive vehicle.
Safety was a priority for Lexus. The 2002 IS 300 came equipped with front airbags and side-impact airbags. Crumple zones were incorporated into the vehicle's structure to absorb impact energy in a collision.
Crash-test ratings for this generation of IS 300 were generally good for its time. The Insurance Institute for Highway Safety (IIHS) rated the IS 300 as "Good" in its frontal offset crash tests, indicating a strong performance in protecting occupants. The National Highway Traffic Safety Administration (NHTSA) also awarded it good ratings in frontal and side-impact crash tests, further underscoring its safety credentials. These ratings reflect the robust construction and safety engineering inherent in the Lexus brand.
Entertainment systems typically included a premium audio system, often with a 6-disc in-dash CD changer, providing good sound quality for its time. While Bluetooth connectivity and USB ports were not available, the audio system was designed to deliver a pleasant listening experience. An optional navigation system was available on some models, adding a layer of convenience for longer journeys.
Built-in tech features were focused on driver comfort and convenience. Automatic climate control ensured a comfortable cabin temperature, and power-adjustable front seats with memory functions added to the luxurious feel. Xenon High-Intensity Discharge (HID) headlights were a standout feature, providing superior illumination compared to traditional halogen bulbs and enhancing nighttime visibility.
Driver-assistance features, while basic by modern standards, included standard Anti-lock Braking System (ABS) for improved stopping control and Traction Control (TRAC) to help prevent wheel spin. Vehicle Stability Control (VSC) was also available, further enhancing the car's ability to maintain control in challenging driving conditions. These systems contributed to a safer driving experience, particularly for a rear-wheel-drive vehicle.
Safety was a priority for Lexus. The 2002 IS 300 came equipped with front airbags and side-impact airbags. Crumple zones were incorporated into the vehicle's structure to absorb impact energy in a collision.
Crash-test ratings for this generation of IS 300 were generally good for its time. The Insurance Institute for Highway Safety (IIHS) rated the IS 300 as "Good" in its frontal offset crash tests, indicating a strong performance in protecting occupants. The National Highway Traffic Safety Administration (NHTSA) also awarded it good ratings in frontal and side-impact crash tests, further underscoring its safety credentials. These ratings reflect the robust construction and safety engineering inherent in the Lexus brand.
What Colors Options are Available?
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In the meantime, feel free to explore the other sections for more content.
In the meantime, feel free to explore the other sections for more content.
2002 Lexus IS 300 Prices and Market Value
When new, the 2002 Lexus IS 300 had an approximate MSRP ranging from $30,000 to $33,000, depending on options and transmission choice. As a luxury sport sedan, it experienced typical depreciation in its early years. However, its resale value has proven to be remarkably strong over time, a testament to Lexus' reputation for reliability and the IS 300's enduring appeal. Currently, used 2002 IS 300 models can be found in the range of $3,000 to $8,000, with prices heavily influenced by mileage, condition, maintenance history, and the presence of desirable options like the manual transmission. Factors that significantly affect resale value include the car's overall condition, whether it has been well-maintained (especially the timing belt and transmission), and the absence of rust or major mechanical issues. Manual transmission models tend to command a premium.
2002 Lexus IS 300 Cost of Ownership
The 2002 Lexus IS 300 is generally considered moderately economical to own, especially when purchased used. Insurance costs are typically in line with other luxury sedans of its class and age. Fuel costs are reasonable, with its 2.0-liter engine delivering fair MPG for its performance. Maintenance, while using Lexus-specific parts, is often less expensive than newer luxury vehicles, especially if you find a well-maintained example. However, repair costs can escalate if major components like the transmission or engine require attention. Long-term ownership costs are relatively manageable due to its excellent reliability, making it a more economical choice than many European rivals that can incur higher repair bills over time.
2002 Lexus IS 300 Fuel Efficiency
Fuel Type
Gasoline
Fuel Capacity
17.50 gallons
City Mileage
18 miles/gallon
Highway Mileage
25 miles/gallon
2002 Lexus IS 300 Safety Rating
NHTSA
IIHS
2002 Lexus IS 300 Warranty
Basic
Original warranty
48 months / 50,000 miles
Estimated remaining
Expired
Powertrain
Original warranty
72 months / 70,000 miles
Estimated remaining
Expired
Rust
Original warranty
72 months / unlimited miles
Estimated remaining
Expired
2002 Lexus IS 300 Insurance
Insurance for a 2002 Lexus IS 300 is moderately priced, reflecting its status as a Sedan with strong safety ratings and
reasonable repair costs.
reasonable repair costs.
How Does the 2002 Lexus IS 300 Compare to Other Sedan?
The 2002 Lexus IS 300 competed in a crowded segment of compact executive sport sedans. Its primary rivals included the BMW 3 Series (E46 generation), Mercedes-Benz C-Class (W203 generation), and the Audi A4 (B6 generation).
Performance: The IS 300's 215 horsepower inline-six offered spirited acceleration, especially with the manual transmission, providing a good balance of power and refinement. However, the BMW 3 Series, particularly the 325i and 330i, generally offered more potent engines and sharper handling characteristics, appealing to driving purists. The Mercedes C-Class focused more on comfort, while the Audi A4 offered a more sophisticated quattro all-wheel-drive system on certain trims.
Features: Lexus, as always, excelled in providing a well-equipped interior with a focus on comfort and quietness. The IS 300 came with many luxury features as standard. BMW and Mercedes also offered luxurious interiors and advanced features for their time, though often as costly options. Audi's interiors were known for their build quality and design.
Reliability: This is where the IS 300 truly shines. Compared to its German rivals, the IS 300 boasts significantly superior long-term reliability and lower ownership costs. The E46 BMW 3 Series and W203 Mercedes C-Class are known for more frequent and often expensive repairs, particularly as they age. The Audi A4 also has its share of potential issues, especially with its early FSI engines and quattro system components.
Price: When new, the IS 300 was competitively priced against its German counterparts, often offering more features for the money. In the used market, the IS 300 remains a strong value proposition due to its excellent reliability and lower maintenance costs. While a used E46 3 Series might offer a more engaging driving experience, its potential for costly repairs makes the IS 300 a more practical choice for many.
Alternatives:
Performance: The IS 300's 215 horsepower inline-six offered spirited acceleration, especially with the manual transmission, providing a good balance of power and refinement. However, the BMW 3 Series, particularly the 325i and 330i, generally offered more potent engines and sharper handling characteristics, appealing to driving purists. The Mercedes C-Class focused more on comfort, while the Audi A4 offered a more sophisticated quattro all-wheel-drive system on certain trims.
Features: Lexus, as always, excelled in providing a well-equipped interior with a focus on comfort and quietness. The IS 300 came with many luxury features as standard. BMW and Mercedes also offered luxurious interiors and advanced features for their time, though often as costly options. Audi's interiors were known for their build quality and design.
Reliability: This is where the IS 300 truly shines. Compared to its German rivals, the IS 300 boasts significantly superior long-term reliability and lower ownership costs. The E46 BMW 3 Series and W203 Mercedes C-Class are known for more frequent and often expensive repairs, particularly as they age. The Audi A4 also has its share of potential issues, especially with its early FSI engines and quattro system components.
Price: When new, the IS 300 was competitively priced against its German counterparts, often offering more features for the money. In the used market, the IS 300 remains a strong value proposition due to its excellent reliability and lower maintenance costs. While a used E46 3 Series might offer a more engaging driving experience, its potential for costly repairs makes the IS 300 a more practical choice for many.
Alternatives:
- Similar: The Infiniti G35 sedan (also RWD, with a V6 engine) offered similar performance and luxury, though its reliability is generally considered good but perhaps not quite at Lexus levels.
- More Engaging Drive: If driving dynamics are paramount and budget allows for potentially higher maintenance, a used BMW 3 Series (E46) is a benchmark.
- Comfort-Focused: For a more plush ride, a used Mercedes-Benz C-Class (W203) or even a larger Lexus LS model might be considered.
Final Verdict: Is the 2002 Lexus IS 300 a Good Sedan?
The 2002 Lexus IS 300 is an ideal choice for buyers seeking a reliable, comfortable, and stylish compact sport sedan that offers a more engaging driving experience than a typical Lexus sedan of the era, without the high long-term ownership costs often associated with its European competitors. It's particularly well-suited for those who appreciate the legendary dependability of Toyota/Lexus engineering and value a car that can last for hundreds of thousands of miles with proper care. It is definitely worth buying, primarily in the used market, as finding one new is impossible. Focus on well-maintained examples, ideally with service records. The manual transmission version is highly sought after by enthusiasts and will likely hold its value better. Avoid examples with significant rust or neglected maintenance, especially concerning the transmission and timing belt. For a practical yet spirited luxury sedan, the IS 300 remains a strong contender.
Simon A
Simon is a contributor to VinCheck, where he provides articles and reviews on various automotive topics. His work focuses on delivering accurate and up-to-date information about used cars, helping readers make informed decisions.