How much should I pay for a Lexus IS 300?
The Lexus IS 300 is a luxury compact sedan that combines performance, comfort, and reliability. If you're considering purchasing one, understanding the factors that influence its price is essential. In this article, we’ll break down the key considerations to help you determine how much you should pay for a Lexus IS 300, whether new or used.
Factors That Influence the Price of a Lexus IS 300
The price of a Lexus IS 300 can vary significantly based on several factors. Here are the primary considerations:
- Model Year: Newer models typically cost more than older ones due to updated features, technology, and lower mileage.
- Trim Level: The IS 300 comes in different trims, such as rear-wheel drive (RWD) or all-wheel drive (AWD). Higher trims with additional features will cost more.
- Mileage: For used vehicles, lower mileage generally means a higher price, as it indicates less wear and tear.
- Condition: A well-maintained Lexus IS 300 with a clean history report will command a higher price than one with visible damage or a history of accidents.
- Market Demand: Prices can fluctuate based on the demand for luxury sedans in your area.
Average Price Range for a Lexus IS 300
As of 2025, here’s a general breakdown of what you can expect to pay for a Lexus IS 300:
- New Lexus IS 300: The starting MSRP for a new Lexus IS 300 is approximately $43,000 to $46,000, depending on the trim and optional features.
- Used Lexus IS 300 (2018-2023 models): Prices for recent used models typically range from $25,000 to $38,000, depending on mileage, condition, and location.
- Older Lexus IS 300 (2015-2017 models): These models can be found for $15,000 to $22,000, but prices may vary based on condition and mileage.
Tips for Getting the Best Deal
To ensure you’re paying a fair price for a Lexus IS 300, follow these tips:
- Research Market Prices: Use online tools like Kelley Blue Book or Edmunds to check the fair market value for the specific year, trim, and condition of the car you’re considering.
- Inspect the Vehicle: If buying used, have a trusted mechanic inspect the car for any hidden issues. At Kevin's Autos, we offer comprehensive pre-purchase inspections to give you peace of mind.
- Negotiate: Don’t hesitate to negotiate with the seller, especially if you’ve identified any minor issues or discrepancies in the vehicle’s history.
- Consider Certified Pre-Owned (CPO): A CPO Lexus IS 300 may cost more than a regular used one, but it often comes with extended warranties and has undergone rigorous inspections.
Conclusion
The Lexus IS 300 is a fantastic choice for those seeking a luxury sedan with excellent performance and reliability. By considering factors like model year, trim, and condition, and by doing thorough research, you can ensure you’re paying a fair price. Whether you’re buying new or used, Kevin's Autos is here to help with expert advice and vehicle inspections to make your car-buying experience smooth and stress-free.
Frequently Asked Questions
How much should I pay for a Lexus IS 300?
2023 Lexus IS 300 Features & Specs
| Base MSRP Excludes Destination Fee | $40,085 |
|---|---|
| Combined MPG | 25 MPG |
| Cost to Drive | $246/month |
| Seating | 5 seats |
| Cargo Capacity All Seats In Place | 10.8 cu.ft. |
How much is a Lexus IS 300 worth?
2021 Lexus IS IS 300 Sedan 4D Depreciation
A 2021 Lexus IS IS 300 Sedan 4D has depreciated $15,092 or 36% in the last 3 years and has a current resale value of $26,153 and trade-in value of $22,796.
Is IS300 expensive to maintain?
Parts are not too expensive on the is300 but the labor for alot of the bigger issues (timing belt, water pump, alternators, front end suspension, cam/crank oil leaks) are expensive. If you can do these items yourself, then great. You will need to budget ~2000 per year for parts/maintenance.
How much should I pay for a Lexus IS300?
2023 Lexus IS 300 Features & Specs
| Base MSRP Excludes Destination Fee | $40,085 |
|---|---|
| Combined MPG | 25 MPG |
| Cost to Drive | $246/month |
| Seating | 5 seats |
| Cargo Capacity All Seats In Place | 10.8 cu.ft. |
How much should I pay for a Lexus is300?
2023 Lexus IS 300 Features & Specs
| Base MSRP Excludes Destination Fee | $40,085 |
|---|---|
| Combined MPG | 25 MPG |
| Cost to Drive | $246/month |
| Seating | 5 seats |
| Cargo Capacity All Seats In Place | 10.8 cu.ft. |
How many miles will a Lexus 300 last?
Typically, a car from Lexus will last 250,000-300,000 miles.
How much is an oil change for a Lexus IS 300?
between $137 and $151
The average cost for a Lexus IS300 Oil Change is between $137 and $151. Labor costs are estimated between $53 and $66 while parts are typically priced around $84.
Does a Lexus hold its value?
The secret of Lexus' success is multi-faceted, but one of the plus points for those who love this luxury brand is how well Lexus vehicles hold their value. In a world filled with luxury cars that devalue rapidly as soon as they leave a showroom floor, the Lexus range of desirable vehicles maintain strong resale value.
Do Lexus IS 300 hold their value?
A new Lexus IS 300 depreciates 42.7 percent after five years, resulting in a resale value of $22,962. In comparison, the luxury compact car category, which the Lexus IS 300 belongs to, loses 50.5 percent of its value after five years.
Why is Lexus oil change so expensive?
The higher cost of a Lexus oil change can be attributed to several factors. These include the use of synthetic oil, higher labor costs at a dealership, and the inclusion of additional services and inspections.
