Razr Too Expensive? Here's How To Slash $500 Off Regular Price

KEY POINTS

Motorola's new Razr is a considerably expensive midrange device at $1,500
To entice more consumers to buy it, Motorola and Verizon have launched a trade-in program
The program will slash hundreds off the device's original price

Some consumers might think the new Motorola Razr costs too much for a midrange device. At $1,500, the reboot of the iconic clamshell costs more than two iPhone 11 units. The expensive price and midrange specs might drive some consumers away and cause them to wait for Samsung's upcoming better-specced foldable instead.

In order to entice more consumers to consider buying the new Razr, Motorola has launched a trade-in and carrier switch program that will, in effect, slash hundreds of dollars with every purchase of the new device, Android Central reported.

Motorola and Verizon are offering up to $500 off on a new Razr for buyers who trade-in an eligible device. What's more, those who aren't using Verizon will be given an additional $200 Mastercard when they make the switch to the carrier

Here's how to receive the $200 Mastercard and the $500 price slash:

First, interested buyers should add a Google Pixel 4, Pixel 4XL, LG V50 ThinQ, LG G8 ThinQ or Motorola Razr smartphone with monthly device payments to their cart, then activate on a new smartphone line of service with Verizon Unlimited.

Second, buyers will then need to proceed to a website indicated in Verizon's website, then enter a promo code and their credentials when prompted. Buyers who made the switch will receive the $200 Mastercard within eight weeks.

To get additional $500 off, buyers will need to trade-in their old device within 30 days after buying the new Razr. Here's a list of devices that can be traded-in for $500: