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Motorola Razr 5G is now available with discounts up to $700 off

The new Razr normally costs $1,400, but it's hitting stores with some huge savings, especially if you're trading in a phone or activating a new line.

Since reviewing the new Motorola Razr in September, I've been asked two questions more than any other. The first is: How is the new Razr different from the one that came out in February? That answer remains unchanged: The new one has a refined build and design, support for 5G, 2020 specs, new cameras and a bunch of useful enhancements to the external display. The second question I get is: When can I buy one? That one, finally has a good answer: You can buy the new Motorola Razr 5G as of today, Oct. 2. Even better, you can save $200 to $700 for a limited time.

Here are the key deals.

The new Razr is available unlocked at Motorola, Best Buy and B&H Photo, no contract needed. Pop in your existing SIM card, and you should be good to go. It should also be coming soon to Amazon.

At AT&T, if you trade in an eligible device, get an unlimited data plan and purchase the Razr on a monthly installment plan, you can get some truly huge discounts. Port your number and service over to AT&T, and get the Razr for half off and pay just $700. If you're an existing AT&T customer, add a line to get a $400 discount or upgrade your phone to get up to $300 off.

It's worth noting that AT&T is the only carrier that will carry the Liquid Mercury color Razr. It's the same color as the original Motorola Razr V3 from 2004.

T-Mobile is also doing a $700 discount in the form of 24 monthly bill credits. You have to activate a new line and trade-in an eligible device. If you don't add a new line but just trade in a phone, you can still get $400 off the Razr.

Now playing: Watch this: Motorola Razr 2020 review: The refinements it deserves
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Update, Oct 2, 6:35 a.m. PT: Adds links, confirmed pricing and availability at the retailers indicated.