The device will be a Verizon exclusive in the US, and will cost $1,500 or 62.49 a month for 24 months. That said, Verizon is softening the blow with trade-in deals; $500 off for trading in certain eligible smartphones, and another $200 via pre-paid MasterCard if you’re switching from another carrier.  Existing customers will only get up to $300 off. As a recap, it’s worth noting the Razr is not a flagship phone, at least not in terms of specs. While other folding devices like the Galaxy Fold and Mate X have been just as powerful as their rigid counterparts, the Razr features upper-midrange specs. That includes a Snapdragon 710, 6GB of RAM, and a single rear 16-megapixel camera. The battery is also quite limited to 2,510 mAh. Unlike the other folding phones, the Razr folds into a package smaller than a typical smartphone, so it has less room to work with than the competition. On the plus side, it does help the Razr be the cheapest phone with a bendable display. Yes, $1,500 is still a ridiculous amount of money to pay for a phone, and no, you probably don’t need one with a bendable display. But it’s still cheaper than the $1,980 of the Galaxy Fold. You’ve got to start somewhere before the prices can come down, I suppose.