Mononuclear [Ir{ArNC(NR 2)NAr}(C 8 H 14) 2 ] complexes (where R = Me or Et; Ar = Ph or 4-MeC 6 H 4 ; and C 8 H 14 = cis-cyclooctene) were synthesized from the neutral N,Ndialkyl-N′,N′′-diarylguanidines via deprotonation and transmetalation. As confirmed by single-crystal structure determination, the guanidinato(1−) ligands coordinate the lowvalent d 8 Ir I center in an N,N′-chelating binding mode, and the C−N distances of the CN 3 core suggest that these ligands function as stronger donors than related monoanionic, bidentate nitrogen-based ligands. In the reaction of the complexes with O 2 , new [Ir{ArNC(NR 2)NAr}] 3 complexes were identified among the products, suggesting a new route for their synthesis. Tris(guanidinato) complexes of Ir III , [Ir{ArNC(NR 2)NAr} 3 ] (R = Me or Et; Ar = Ph or 4-MeC 6 H 4), were synthesized and, as revealed by electrochemical measurements, can be oxidized reversibly at unusually low potentials. These potentials are even lower than those of other Ir III complexes with very electron-rich, trianonic ligand sets as, for example, in cyclometalated tris(2-pyridylphenyl), corrolato and tris(dithiocarbamato) complexes. Chemical oxidation by [FeCp 2 ]PF 6 afforded isolable, paramagnetic Ir IV compounds, [Ir{ArNC(NR 2)NAr} 3 ]PF 6 , which were characterized by elemental analysis, mass spectrometry, electronic absorption and EPR spectroscopy and X-ray crystallography. The reactivity of these Ir IV complexes toward mild inorganic and organic reductants and substrates with O−H bonds was investigated. Similar tris(guanidinato) complexes of Rh III , [Rh{ArNC(NR 2)NAr} 3 ] (R = Me or Et; Ar = Ph, 4-MeC 6 H 4 or 4-MeOC 6 H 4), were synthesized. These complexes also were oxidized reversibly at low potentials, as compared to the corresponding tris(amidinato) and tris(triazenido) complexes. Chemical oxidation by [FeCp 2 ]PF 6 afforded thermally unstable, paramagnetic Rh IV compounds, [Rh{ArNC(NR 2)NAr} 3 ]PF 6 , which were characterized by mass spectrometry and electronic absorption spectroscopy.