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2023 Lexus IS Overview, Reviews, Ratings & Specs

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Eugene S | March 31, 2025
The Lexus IS, a compact executive car, has been a staple in the Lexus lineup since 1999. The 2023 IS, a sedan, continues this legacy. Key trims include the IS 300, IS 350, and IS 500. The pricing ranges from around $40,000 to $60,000+. It stands out for its blend of sporty handling, luxurious interior, and Toyota/Lexus reliability, appealing to drivers seeking a refined and engaging driving experience.
The Good

The 2023 Lexus IS offers a compelling blend of advantages. Emotionally, its sporty design and engaging handling are appealing. Practically, it boasts Lexus's legendary reliability, a comfortable interior, and decent fuel efficiency for its class. Value comes from its standard features and reputation for longevity, making it a smart choice for discerning buyers.

The Bad

One weakness of the 2023 Lexus IS is its somewhat dated infotainment system compared to rivals. The rear seat space can also be a bit cramped for taller passengers. While reliable overall, some models' fuel economy may not be as competitive as others in the segment. Watch for potential issues related to older technology.

2023 Lexus IS: Quick Overview

  • Engine Options:
    • IS 300: 2.0L Turbocharged Inline-4 (RWD) or 3.5L V6 (AWD)
    • IS 350: 3.5L V6 (RWD or AWD)
    • IS 500: 5.0L Naturally Aspirated V8 (RWD)
  • Horsepower:
    • IS 300 (2.0L): 241 hp
    • IS 300 (3.5L): 260 hp
    • IS 350: 311 hp
    • IS 500: 472 hp
  • Fuel Economy (MPG):
    • IS 300 (2.0L RWD): 21 City / 31 Hwy
    • IS 300 (3.5L AWD): 19 City / 26 Hwy
    • IS 350 (RWD): 20 City / 28 Hwy
    • IS 350 (AWD): 19 City / 26 Hwy
    • IS 500: 17 City / 25 Hwy
  • 0-60 Times:
    • IS 300 (2.0L): ~6.9 seconds
    • IS 300 (3.5L): ~6.1 seconds
    • IS 350: ~5.6 seconds
    • IS 500: ~4.4 seconds
  • Towing Capacity: Not recommended or rated for towing.
  • Trim-Level Features:
    • IS 300: Standard Lexus Safety System+ 2.5, 8-inch touchscreen, Apple CarPlay, Android Auto, NuLuxe upholstery.
    • IS 350: Includes IS 300 features plus more powerful engine, available F Sport package with adaptive variable suspension, unique styling.
    • IS 500: Includes IS 350 features plus V8 engine, performance-tuned suspension, upgraded brakes, unique exterior and interior trim.

2023 Lexus IS Specifications

Vehicle Information
Year 2023
Make Lexus
Model IS
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Style All-Wheel Drive
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Drivetrain All-Wheel Drive
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What Problems Does the 2023 Lexus IS Have?

The 2023 Lexus IS, generally, boasts excellent reliability. However, like any vehicle, it's not immune to potential issues. Some owners have reported minor issues with the infotainment system, such as occasional glitches or slow response times. There may be instances of sensor malfunctions, though these are relatively rare. It's crucial to check for any active recalls related to your specific VIN through the NHTSA website. Historically, some Lexus models have faced recalls related to fuel pumps, though it's important to verify if the 2023 IS is affected. Long-term reliability concerns are minimal, as Lexus vehicles are known for their durability. However, proper maintenance, including regular oil changes and servicing, is essential to prevent any potential problems down the road. Any unusual noises or vibrations should be investigated promptly to avoid more significant issues. Before purchasing any used 2023 IS, obtaining a pre-purchase inspection by a qualified mechanic is highly recommended to identify any hidden problems.

How long will the 2023 Lexus IS last?

With proper maintenance, a 2023 Lexus IS can easily reach 200,000 miles or more and provide over 10 years of reliable service. Lexus vehicles are known for their exceptional long-term durability. Regular oil changes, timely replacement of wear items (brakes, tires), and adherence to the manufacturer's recommended maintenance schedule are crucial. While the engine and transmission are generally robust, neglecting maintenance can lead to premature wear. The interior materials are high-quality, but leather seats may require conditioning to prevent cracking over time. The electronics are generally reliable, but software updates should be performed as recommended to avoid potential glitches. Overall, the IS is built to last with proper care.

What Technology & Safety Features are Included?

The 2023 Lexus IS comes standard with a decent array of tech features. It includes an 8-inch touchscreen infotainment system (a 10.3-inch screen is optional), Apple CarPlay, Android Auto, Amazon Alexa compatibility, and a Wi-Fi hotspot. Standard driver-assistance features are bundled in Lexus Safety System+ 2.5, which includes pre-collision system with pedestrian detection, lane departure alert with steering assist, lane tracing assist, adaptive cruise control, and road sign assist. Blind-spot monitoring with rear cross-traffic alert is also standard. Optional features include a Mark Levinson premium audio system, navigation, and parking assist. Crash-test ratings from the IIHS and NHTSA should be checked for the specific model year, but Lexus generally performs well. The IS offers a safe and reasonably tech-equipped driving experience. Some reviewers find the infotainment interface clunky compared to rivals, although the addition of smartphone integration helps mitigate this. The driver-assistance systems are generally well-regarded and contribute to a confident driving experience. The available Mark Levinson sound system delivers exceptional audio quality for audiophiles. Upgrading to the larger screen adds functionality and a more modern feel to the interior.

What Colors Options are Available?

Exterior Colors
Cloudburst Gray
Iridium
Obsidian
Ultra White
Atomic Silver
Caviar
Matador Red Mica
Ultrasonic Blue Mica 2.0
Grecian Water
Incognito
Interior Colors
Black NuLuxe
Rioja Red NuLuxe
White NuLuxe
Black/Dark Graphite NuLuxe
Circuit Red NuLuxe
Black Leather
Rioja Red Leather
White Leather
Black/Dark Graphite Leather
Circuit Red Leather

2023 Lexus IS Prices and Market Value

When new, the 2023 Lexus IS ranged from approximately $40,000 to $60,000+, depending on the trim and options. Used market prices currently range from the low $30,000s to the mid $50,000s, depending on mileage, condition, and trim. Lexus vehicles generally hold their value well due to their reputation for reliability. Factors affecting resale value include mileage, condition, service history, and the presence of desirable options like the F Sport package or upgraded audio system. Color also plays a role; neutral colors like silver, black, and white tend to be more popular and hold their value better. Lower mileage examples in excellent condition command the highest prices.

2023 Lexus IS Cost of Ownership

The 2023 Lexus IS is moderately economical to own. Insurance costs are typically moderate, reflecting its safety features and Lexus's reputation. Fuel costs vary depending on the engine choice, with the 2.0L turbo offering the best economy. Maintenance costs are generally lower than European rivals due to Lexus reliability. Repairs are also less frequent. Overall, long-term ownership costs are reasonable, making it a more cost-effective choice compared to some competitors, especially considering its luxury features.

2023 Lexus IS Fuel Efficiency

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2023 Lexus IS Safety Rating

NHTSA
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Frontal Barrier Star Ratings Not Tested
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Combined Side Barrier And Side Pole Star Ratings Not Tested
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2023 Lexus IS Insurance

Insurance for a 2023 Lexus IS is moderately priced, reflecting its status as a Vehicle with strong safety ratings and
reasonable repair costs.

How Does the 2023 Lexus IS Compare to Other Vehicle?

The 2023 Lexus IS competes with the BMW 3 Series, Mercedes-Benz C-Class, Audi A4, and Acura TLX. In terms of performance, the IS 350 and IS 500 offer engaging driving dynamics, but the BMW 3 Series might offer slightly sharper handling. Feature-wise, the IS is competitive, but its infotainment system is less modern than some rivals. Reliability is a major strength for the Lexus, often outperforming its German competitors. Price-wise, the IS offers good value, particularly considering its standard features and reliability. The Acura TLX is a similar alternative, offering a blend of performance, features, and reliability at a competitive price. The Genesis G70 is another compelling option with a luxurious interior and powerful engine choices. If driving dynamics are paramount, the BMW 3 Series remains a strong contender. If the latest technology is a priority, the Mercedes-Benz C-Class might be a better choice. However, for a blend of reliability, luxury, and performance, the Lexus IS remains a solid choice, especially for buyers prioritizing long-term ownership.

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Final Verdict: Is the 2023 Lexus IS a Good Vehicle?

The 2023 Lexus IS is ideal for buyers seeking a reliable, luxurious, and sporty sedan. It's especially well-suited for those who prioritize long-term ownership and lower maintenance costs. Whether it's worth buying depends on individual needs and preferences. A used IS can offer excellent value, particularly if well-maintained. The IS 350 offers a good balance of performance and features, while the IS 500 appeals to enthusiasts seeking more power. If the latest infotainment technology is crucial, other options might be better. However, for overall value, reliability, and a refined driving experience, the Lexus IS is a compelling choice. Consider a certified pre-owned model for added peace of mind.

2023 Lexus IS Owner Reviews

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Eugene S

Eugene is an automotive enthusiast with over 15 years of experience in the used car market. As a writer at VINCheck.info, he brings deep industry insight and a passion for cars, helping readers make smart, informed decisions. Eugene has written hundreds of used car reviews and is known for breaking down complex automotive topics into clear, actionable advice. Over the years, he has driven and worked on a wide range of vehiclesβ€”starting with tuning street cars in his early days and eventually focusing on performance upgrades and reliability improvements. Today, he specializes in evaluating used vehicles through the lens of real-world ownership and enthusiast needs. A longtime fan of Porsche, Eugene especially appreciates vehicles that blend durability with driving enjoyment.