Lexus IS trim comparison
2024 Lexus IS 500 F SPORT Performance vs 500 F SPORT Performance Premium
The IS 500 F SPORT Performance starts at $58,870 while the 500 F SPORT Performance Premium is $63,370. That $4,500 gap buys 1 meaningful difference.
$4,500 more is ~$79/month. The question is whether the added equipment will matter to you every week.
There is no meaningful spec case for paying $4,500 more here. Unless the appearance or package content speaks to you, the 500 F SPORT Performance is the cleaner fit.
Think about this as a monthly tradeoff, not just a sticker gap. The 500 F SPORT Performance Premium adds about $79/month on a typical 60-month loan, or around $4,740 more overall with interest.
Lock one trim, change the other side, and move through exact pair pages without resetting back to the full lineup every time.
Who notices the difference
The higher trim starts to make more sense when you want the nicer equipment factory-installed and under warranty.
When both feel the same
Both the 500 F SPORT Performance and 500 F SPORT Performance Premium share the same 8-speed shiftable automatic transmission and identical wheelbase and body dimensions.
The upgrade math
$4,500 price difference.
Key Differences at a Glance
This is the fast read: price, power, efficiency, and the feature flips most likely to change the answer.
Every Difference, Side by Side
This is the full read behind the quick decision signals above: the complete hardware, comfort, and equipment story. 1 specification difference, 6 shared.
There are no measurable spec differences in the current source data. If these trims still matter to you, the real separation is likely styling, appearance packages, or dealer inventory.
Full Specification Comparison
Specifications reflect available data as of early 2024. Confirm details with an authorized dealer before purchasing.
| Spec | 500 F SPORT Performance | 500 F SPORT Performance Premium |
|---|---|---|
| Pricing | ||
| MSRP | $58,870 | $63,370 |
| Powertrain | ||
| Engine | 5.0L V8 | 5.0L V8 |
| Horsepower | 472 hp | 472 hp |
| Torque | 395 lb-ft | 395 lb-ft |
| Transmission | 8-speed shiftable automatic | 8-speed shiftable automatic |
| Drivetrain | RWD | RWD |
| Fuel Economy | ||
| City MPG | 17 | 17 |
| Highway MPG | 25 | 25 |
| Combined MPG | 20 | 20 |
| Fuel Tank | 17.4 gal | 17.4 gal |
| Annual Fuel Cost (EPA) | $2,900/yr | $2,900/yr |
| Dimensions | ||
| Curb Weight | 3,891 lbs | 3,891 lbs |
| Wheelbase | 110.2" | 110.2" |
| Length | 187.3" | 187.3" |
| Width | 72.4" | 72.4" |
| Height | 56.5" | 56.5" |
| Safety | ||
| NHTSA Overall | 5/5 stars | 5/5 stars |
| Warranty | ||
| Bumper-to-Bumper | 4yr/50k | 4yr/50k |
| Powertrain | 6yr/70k | 6yr/70k |
| Corrosion | 6yr/unlimited | 6yr/unlimited |
| Roadside Assistance | 4yr/unlimited | 4yr/unlimited |
Data sources: licensed third-party automotive data, EPA fueleconomy.gov, NHTSA, and official manufacturer materials. Values marked est. are estimated.
2024 Lexus IS 500 F SPORT Performance vs 500 F SPORT Performance Premium Questions Shoppers Ask
Use this page for the direct trim answer, then zoom back out to the Lexus IS lineup, the Lexus brand hub, the Compact Cars, the how to pick a trim guide, or our mid-trim value research when you need the bigger shopping path behind this one matchup.
How much more does the 2024 IS 500 F SPORT Performance Premium cost than the 500 F SPORT Performance?
The 500 F SPORT Performance Premium starts at $63,370 compared to $58,870 for the 500 F SPORT Performance. That is a $4,500 difference, or approximately $79/month more on a 60-month loan.
Do the 2024 Lexus IS 500 F SPORT Performance and 500 F SPORT Performance Premium have the same engine?
Yes. Both use the 5.0L V8 producing 472 hp and 395 lb-ft of torque. The engine hardware does not change between these trims, so the real differences are in equipment and feature content.
Do the 2024 IS 500 F SPORT Performance and 500 F SPORT Performance Premium have the same drivetrain?
Yes. Both come with RWD as standard. The differences between these trims are in features and equipment, not drivetrain.
Is the 2024 IS 500 F SPORT Performance or 500 F SPORT Performance Premium safer?
Both share the same Lexus IS platform with an overall 5-star NHTSA safety rating. Safety ratings are model-level and identical across trims. The trim choice affects comfort and features, not crash protection.
What warranty does the 2024 Lexus IS come with?
All 2024 Lexus IS trims, including both the 500 F SPORT Performance and 500 F SPORT Performance Premium, come with Lexus's standard warranty: 4yr/50k bumper-to-bumper and 6yr/70k powertrain coverage. Warranty does not vary by trim level.
The Full Story Behind This Price Gap
Use the direct answer above for this exact matchup, then use these guides to understand whether you are really looking at a feature step-up, a package shuffle, or the point where the lineup starts changing in a meaningful way.
Breaking Down the $4,500 Gap
The IS 500 F SPORT Performance Premium costs $4,500 more than the 500 F SPORT Performance. Whether that is worth it depends on how much you value minor equipment changes. These features matter to some buyers daily and barely at all to others. Weigh them against your priorities.
What Both Trims Share
The IS 500 F SPORT Performance and 500 F SPORT Performance Premium share the same engine, drivetrain, transmission, and fuel economy. The $4,500 difference comes down to 1 feature and equipment change, not mechanical differences.
Trim-Matched Accessories
These add-ons are split by trim intent so the recommendations follow the actual use case, not just the same repeated product block.
Lexus IS 500 F SPORT Performance
Value-trim add-onsThese picks fit the 500 F SPORT Performance best when the goal is covering the daily-use gaps without paying up to the next trim.
Lexus IS 500 F SPORT Performance Premium
Step-up trim add-onsThese picks suit the 500 F SPORT Performance Premium when you want the accessories to match the nicer cabin, broader utility, or more premium use case.
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Specifications shown combine licensed third-party automotive data with official manufacturer, EPA, and NHTSA source material for the 2024 model year. Actual pricing, features, and availability may vary by region and dealer. Always confirm details with an authorized dealer before making a purchase decision. TrimAtlas is not affiliated with Lexus or any dealership.
Page updated 2026-03-18. Verify equipment, pricing, and regional availability with the manufacturer or dealer.