Skip to main content

2023 Lexus IS 500 Consumer Reviews

4.6 out of 5 stars
16 reviews

Pricing

Edmunds suggests you pay
$53,076
See All for Sale
Prices based on sales in TX thru 4/28/25

We have a limited number of reviews for the 2023 IS 500, so we've included reviews for other years of the IS 500 since its last redesign.

Trending topics in reviews

Pros
Cons
5 out of 5 stars

No surprises if you do your homework

Richard, Vancouver, Canada, 12/05/2023
2023 Lexus IS 500 F SPORT Performance Premium 4dr Sedan (5.0L 8cyl 8A)
5 of 5 people found this review helpful

I purchased my Lexus IS 500 in September, 2023 having reviewed all available YouTube tests, Car and Driver reviews etc, so I was familiar with all of the rants/criticisms. This was my first encounter with Lexus.I purchased the prepaid and extended warranty (40% off the cost of an AMG, my former car) and a nice set of P ZERO winter tires. There is an abundance of reviews on the IS 500 now so most buyers should be familiar with the pros/cons. My take: Cons *No electric folding mirrors which should have been included back in 2014 for IS models *No ability to raise or lower windows & open sunroof with the key from outside which is a nice feature on hot days *Tires should be 245 Front/275 Rear. This is an easy fix when the sub standard Bridgestones are worn * no wireless ( I don't care) Pros * love the hard button controls * Apple car play * touchscreen new for 2023 * highway mileage is surprisingly good for a V8 if you keep in prolonged Eco mode *great seats * service cost a fraction of Audi/BMW/MB *spare tire *nice dash cam * nice paint quality * steering weight is actually adjustable for sport ( journalists would not know this likely) *best looking four door period * engine/engine/engine>>>>! Could not be happier, now is a good time to buy as I got mine below sticker. This one will be a keeper.

Safety
5 out of 5 stars
Technology
4 out of 5 stars
Performance
5 out of 5 stars
Interior
4 out of 5 stars
Comfort
5 out of 5 stars
Reliability
5 out of 5 stars
Value
5 out of 5 stars
Report Abuse

4 out of 5 stars

1st Time Lexus Owner IS500 F Sport Perf. Premium

StillInSoCal42, 03/14/2022
2022 Lexus IS 500 F SPORT Performance Premium 4dr Sedan (5.0L 8cyl 8A)
6 of 7 people found this review helpful

Been eyeing the RC and the IS models for a few years, decided and purchased the IS500 Iriduim color at the beginning of January 2022, slightly over priced, but worth every penny with that V8 Horsepower, love the sporty exterior and a fun weekend car. Interior could be a little upgraded, but am still very happy with it, think it will be worth it in the long run when considering upkeep and since I plan on keeping it for years.

Safety
5 out of 5 stars
Technology
4 out of 5 stars
Performance
5 out of 5 stars
Interior
4 out of 5 stars
Comfort
5 out of 5 stars
Reliability
5 out of 5 stars
Value
3 out of 5 stars
Report Abuse
2023 Lexus IS 500 for sale near you
3 of 24 listings
See all 24 listings

5 out of 5 stars

Rumbly Gumbly V8

IssaV8, 04/21/2022
2022 Lexus IS 500 F SPORT Performance Premium 4dr Sedan (5.0L 8cyl 8A)
3 of 3 people found this review helpful

I've had my IS 500 since mid-February 2022, and I am smitten. The car is comfortable and easy to drive. I have since added an aftermarket exhaust to amplify that big V8 and that purr inside the cabin is all I need to put a smile on my face. I am glad I got this car and have no regrets. It is a comfortable touring car and has that power on demand when you need it!

Safety
5 out of 5 stars
Technology
4 out of 5 stars
Performance
5 out of 5 stars
Interior
5 out of 5 stars
Comfort
5 out of 5 stars
Reliability
5 out of 5 stars
Value
5 out of 5 stars
Report Abuse

5 out of 5 stars

IS 500 Launch Edition No 59/500

flighthalo, 04/10/2022
2022 Lexus IS 500 F SPORT Performance Launch Edition 4dr Sedan w/Prod. End 01/22 (5.0L 8cyl 8A)
4 of 5 people found this review helpful

The car is killer. There were 100 LE's for Canada so this was not just a US release. The "problems" listed are not a big deal, its the equivalent to a valve on the exhaust that is not tight enough, it's fixed no charge and a loaner is provided....there is no "buyers remorse", that could not be further from the truth, that's actually really funny.....The Suede interior is nice and smooth, the exterior color and wheels are awesome, the car is very comfortable, the stereo is ridiculous and the car drives and accelerates like sweet, sweet candy...the only remorse out there are those who didn't call the dealer first thing on that Monday in March in 2021....The car was about $68,500 average if you paid sticker, the LE's are selling for 87k right now. The car is nasty.

Safety
5 out of 5 stars
Technology
5 out of 5 stars
Performance
5 out of 5 stars
Interior
5 out of 5 stars
Comfort
5 out of 5 stars
Reliability
5 out of 5 stars
Value
5 out of 5 stars
Report Abuse

5 out of 5 stars

Check engine light after 100 miles

Dave, 01/29/2022
2022 Lexus IS 500 F SPORT Performance Premium 4dr Sedan (5.0L 8cyl 8A)
5 of 8 people found this review helpful

The sound of the v8 is incredible and I love the way the car drives. However, there’s definitely a manufacturing defect. Multiple reports of IS 500 check engine lights. Some buyers have been dealing with this for weeks. I’d wait until the kinks are worked out before spending the money on one. Unfortunately, this has led to pretty serious buyers remorse. UPDATE: check engine light was resolved and this car is a blast! So much character which is rare for a car in 2022.

Report Abuse
Items per page:
5