Lexus is one of the most underrated luxury automakers around, but lately, the value of vehicles like the new Lexus IS has not been recognized in Europe, and the 2021 model will not be sold there. Fortunately for us, it's still coming stateside, and based on what we've seen so far from its reveal, it's going to be brilliant. While rumors of a new variant called the IS500 have been circulating following some new patent information, we're seriously excited about the two models we do currently have access to. This new model is expected to replace the IS F, but if you can't wait, here's what you need to know about the 300 and 350.

Both models will be available in both RWD and AWD formats, with the IS 300 RWD starting at $39,000 and the AWD variant starting at $41,000. The two versions of the IS 350 start at $42,900 and $44,900, respectively. Interestingly, it's only the 350 models that will now get the F Sport treatment with a unique front bumper featuring aero enhancements, a new rear bumper and spoiler, bespoke 19-inch wheels, and a special exhaust, among other things. A Dynamic Handling package will be offered on these F Sport models and will include lighter, forged BBS wheels and adaptive suspension. Along with other features, RWD models will also get a Torsen LSD.

Two engines are offered, with the base RWD IS300 being powered by a 2.0-liter turbo-four generating 241 horsepower and 258 lb-ft of torque. The AWD 300 gets the 350s' 3.5-liter V6 with 260 hp and 236 lb-ft of torque while the two IS350 variants will produce 311 hp and 280 lb-ft, enough for mid-five-second 0-60 mph sprints on either. The IS should be fun around corners too, having been developed at Toyota's new Shimoyama Technical Center. Chief Engineer Naoki Kobayashi says: "We aimed to make the new IS a Lexus compact sports sedan that provides high-quality riding comfort while offering a high level of vehicle control." Let's hope it lives up to the hype.