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- Arguably the best build quality and reliability in the category.
- Superb support network.
- Affordable owners ship, parts and maintenance costs.
- Class leading residuals.
If you’re shopping for a used premium sedan that blends Japanese reliability, understated luxury, and a surprisingly engaging drive, the third-generation Lexus IS, or XE30, deserves serious consideration. First launched in Australia in July 2013, this generation marked a bold design departure from the conservative looks of earlier models, with its now-familiar spindle grille, sharp creases, and aggressive stance. Some loved it, others not so much, but regardless of where you stood on the styling, the IS immediately stood out in a segment often dominated by safe and predictable German designs.
Initially offered as the IS 250 and IS 350, both rear-wheel drive, the XE30 launched with naturally aspirated V6 engines and a strong focus on refinement. The IS 250 ran a 2.5-litre V6 (4GR-FSE) with 153kW (205 hp) and 252Nm (186 lb-ft), mated to a 6-speed auto and good for a 0–100km/h time of around 8 seconds. The IS 350 upped the ante with a 3.5-litre V6 (2GR-FSE), producing 233kW (312 hp) and 378Nm (279 lb-ft), tied to an 8-speed automatic and capable of hitting 100km/h in under six seconds. The IS 300h hybrid also joined the lineup early on, using a 2.5-litre four-cylinder paired with an electric motor and eCVT to deliver a combined 164kW (220 hp). It wasn’t quick—0–100km/h took around 8.5 seconds, but with fuel use claimed at just 4.9L/100km, it quickly became a favourite with efficiency-minded buyers.
The third-gen IS range was built on a slightly longer and wider version of the previous platform, keeping its rear-drive layout and offering excellent chassis balance. Lexus split the lineup into three trim levels: Luxury, F Sport, and Sports Luxury. Even base Luxury models came impressively equipped, with dual-zone climate control, sat-nav, keyless entry, and later on, Apple CarPlay and Android Auto. F Sport added aggressive styling, sports suspension, and an LFA-inspired digital dash, while Sports Luxury brought in semi-aniline leather, Mark Levinson premium audio, adaptive cruise, and all the bells and whistles. Interior quality across the range was top-tier, though the infotainment interface, particularly with the fiddly trackpad, was often a point of frustration.
In 2015, Lexus dropped the IS 250 and replaced it with the new IS 200t, powered by a 2.0-litre turbocharged four-cylinder (8AR-FTS) making 180kW (241 hp) and 350Nm (258 lb-ft), backed by an 8-speed automatic. It was a solid performer, with decent punch and better fuel economy than the IS 250 it replaced, and remained in the lineup through to the end of local sales. The range received a mild update in 2016 (sold locally from early 2017), bringing refreshed styling inside and out, new safety tech under the Lexus Safety System+ suite, a larger infotainment screen, and improved material finishes throughout.
Then in late 2020, Lexus unveiled a heavily reworked version of the IS, still technically based on the XE30 platform but with over 20% of the chassis structure reinforced, new suspension geometry, fresh styling, and an upgraded interior. Australia received this update with a reduced range: the IS 300 (turbo-four), IS 300h (hybrid), and IS 350 (V6), each available in Luxury or F Sport trims. The IS 350, still packing the 232kW (311 hp), 380Nm (280 lb-ft) 3.5L V6, became a bit of a cult favourite for those chasing naturally aspirated performance in a shrinking segment. Unfortunately, local sales of the IS ended in November 2021 due to changes in ADR side impact regulations, making the post-2020 IS something of a rare find in the used market.
But if you’re after the ultimate version of the IS, look out for the grey-import-only IS 500 F Sport Performance, a North American and Japanese domestic market exclusive. Under its bulging bonnet sits the legendary 5.0-litre naturally aspirated V8 (2UR-GSE) from the RC F, producing a mighty 351kW (472 hp) and 536Nm (395 lb-ft), mated to an 8-speed auto and rear-wheel drive. It’s a proper old-school performance sedan, no turbo, no hybrid, just throttle response and noise, and a few examples have made their way into Australia thanks to our grey import laws. Expect to pay well over $100K, but for V8 lovers, it’s a future classic.
All up, the third-gen Lexus IS represents one of the most well-rounded and compelling premium sedans on the used market. It’s not quite as dynamically sharp as a BMW 3 Series or as tech-heavy as a Mercedes C-Class, but it makes up for that with a superb ride, exceptional build quality, and that unbeatable Lexus ownership experience. Servicing costs are reasonable, parts availability is excellent (thanks to Toyota underpinnings), and the Lexus dealer network across Australia is strong and supportive.
Now, while Lexus is renowned for its outstanding build quality, excellent reliability, and it consistently ranks at the top of owner satisfaction surveys, the third-gen IS isn’t entirely without fault. There are a few common issues worth being aware of when shopping for used examples, and we cover those in detail in the “What Goes Wrong” section below.
Exterior:
Interestingly, there have been very very few documented cases of this concern affecting the Japanese market IS500. What’s particularly noteworthy, and somewhat amusing, is that even at its most pronounced, the panel gap variation is minimal. In fact, many other manufacturers might consider such discrepancies well within acceptable tolerance levels.
This highlights just how exacting Lexus owners are accustomed to regarding build quality. A panel gap that would likely be deemed acceptable, and perhaps even admirable, by brands such as Tesla, Range Rover, or Mercedes-Benz is regarded as a fault by Lexus enthusiasts. It
Exterior:
Interestingly, there have been very very few documented cases of this concern affecting the Japanese market IS500. What’s particularly noteworthy, and somewhat amusing, is that even at its most pronounced, the panel gap variation is minimal. In fact, many other manufacturers might consider such discrepancies well within acceptable tolerance levels.
This highlights just how exacting Lexus owners are accustomed to regarding build quality. A panel gap that would likely be deemed acceptable, and perhaps even admirable, by brands such as Tesla, Range Rover, or Mercedes-Benz is regarded as a fault by Lexus enthusiasts. It speaks volumes about the brand’s reputation for exceptionally tight manufacturing standards.
Interior:
Mechanical:
Exterior:
Interestingly, there have been very very few documented cases of this concern affecting the Japanese market IS500. What’s particularly noteworthy, and somewhat amusing, is that even at its most pronounced, the panel gap variation is minimal. In fact, many other manufacturers might consider such discrepancies well within acceptable tolerance levels.
This highlights just how exacting Lexus owners are accustomed to regarding build quality. A panel gap that would likely be deemed acceptable, and perhaps even admirable, by brands such as Tesla, Range Rover, or Mercedes-Benz is regarded as a fault by Lexus enthusiasts. It speaks volumes about the brand’s reputation for exceptionally tight manufacturing standards.
Interior:
Mechanical:
Should you consider buying a third-generation Lexus IS? In short, yes.
Aside from somewhat limited rear legroom and infotainment technology that can feel dated, especially in pre-update examples, the IS stands out in its class. Its superior build quality, outstanding reliability, stronger resale value, and typically lower maintenance costs make it a far more rational purchase than many of its European rivals. While brand image might sway some towards the more established European marques, the Lexus delivers substance where others often rely on style and marketing.
For those considering an IS 500, the answer is equally clear, YES, buy one if you can This is a truly special car, arguably the last of its kind. A naturally aspirated 5.0-litre V8, driving the rear wheels through a proper automatic in a refined and practical four-door sedan, is something we’re unlikely to see again. It’s not perfect, but its flaws are minor and quickly forgotten the moment you begin driving. If it’s within your budget, it’s not just worth considering, it’s worth celebrating.
We understand the appeal of a European badge. The likes of Audi, BMW and Mercedes-Benz have long histories and carefully cultivated brand identities that carry significant weight. Many of their new vehicles, when covered under factory warranty, are often exceptional. However, many of these models have a tendency to develop issues once out of warranty, and the cost of repairs can be substantial. This is where Lexus has faltered in perception but excelled in execution.
Should you consider buying a third-generation Lexus IS? In short, yes.
Aside from somewhat limited rear legroom and infotainment technology that can feel dated, especially in pre-update examples, the IS stands out in its class. Its superior build quality, outstanding reliability, stronger resale value, and typically lower maintenance costs make it a far more rational purchase than many of its European rivals. While brand image might sway some towards the more established European marques, the Lexus delivers substance where others often rely on style and marketing.
For those considering an IS 500, the answer is equally clear, YES, buy one if you can This is a truly special car, arguably the last of its kind. A naturally aspirated 5.0-litre V8, driving the rear wheels through a proper automatic in a refined and practical four-door sedan, is something we’re unlikely to see again. It’s not perfect, but its flaws are minor and quickly forgotten the moment you begin driving. If it’s within your budget, it’s not just worth considering, it’s worth celebrating.
We understand the appeal of a European badge. The likes of Audi, BMW and Mercedes-Benz have long histories and carefully cultivated brand identities that carry significant weight. Many of their new vehicles, when covered under factory warranty, are often exceptional. However, many of these models have a tendency to develop issues once out of warranty, and the cost of repairs can be substantial. This is where Lexus has faltered in perception but excelled in execution. While perhaps lacking in marketing appeal for some, Lexus models like the IS routinely outperform their European counterparts in long-term reliability, build quality, and customer satisfaction.
In fact, the IS, particularly in IS350 F Sport guise, offers a driving experience that confidently rivals far more expensive options. Fit and finish are exemplary, the ownership experience is typically stress-free, and resale values are consistently strong.
Although some may still dismiss Lexus as merely an upmarket Toyota, the reality is that this vehicle is far more than that.
Overall, the Lexus IS is an exceptionally well-rounded premium sedan that rewards those who value engineering integrity and long-term dependability over fleeting brand prestige. Whether you’re seeking a smart, everyday luxury car or a rare and characterful future classic like the IS 500, a used, well maintained and pre-purchase inspected third-generation IS represents an intelligent and compelling choice.
Should you consider buying a third-generation Lexus IS? In short, yes.
Aside from somewhat limited rear legroom and infotainment technology that can feel dated, especially in pre-update examples, the IS stands out in its class. Its superior build quality, outstanding reliability, stronger resale value, and typically lower maintenance costs make it a far more rational purchase than many of its European rivals. While brand image might sway some towards the more established European marques, the Lexus delivers substance where others often rely on style and marketing.
For those considering an IS 500, the answer is equally clear, YES, buy one if you can This is a truly special car, arguably the last of its kind. A naturally aspirated 5.0-litre V8, driving the rear wheels through a proper automatic in a refined and practical four-door sedan, is something we’re unlikely to see again. It’s not perfect, but its flaws are minor and quickly forgotten the moment you begin driving. If it’s within your budget, it’s not just worth considering, it’s worth celebrating.
We understand the appeal of a European badge. The likes of Audi, BMW and Mercedes-Benz have long histories and carefully cultivated brand identities that carry significant weight. Many of their new vehicles, when covered under factory warranty, are often exceptional. However, many of these models have a tendency to develop issues once out of warranty, and the cost of repairs can be substantial. This is where Lexus has faltered in perception but excelled in execution. While perhaps lacking in marketing appeal for some, Lexus models like the IS routinely outperform their European counterparts in long-term reliability, build quality, and customer satisfaction.
In fact, the IS, particularly in IS350 F Sport guise, offers a driving experience that confidently rivals far more expensive options. Fit and finish are exemplary, the ownership experience is typically stress-free, and resale values are consistently strong.
Although some may still dismiss Lexus as merely an upmarket Toyota, the reality is that this vehicle is far more than that.
Overall, the Lexus IS is an exceptionally well-rounded premium sedan that rewards those who value engineering integrity and long-term dependability over fleeting brand prestige. Whether you’re seeking a smart, everyday luxury car or a rare and characterful future classic like the IS 500, a used, well maintained and pre-purchase inspected third-generation IS represents an intelligent and compelling choice.
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Please note that pricing information is subject to fluctuations in the automotive market.
Information correct as of Apr 08, 2024.
The advice provided on this website is general advice only. It has been prepared without taking into account your objectives, financial situation or needs. Before acting on this advice, you should consider the appropriateness of the advice, having regard to your own objectives, financial situation and needs.
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