It’s been a while since we’ve seen the last discount for Verizon and Motorola’s Droid Razr, but those of you who have been holding out for the LTE-enabled phone can now take advantage of an outrageous deal.

Although the 4.3-incher still sells for $199.99 from Verizon with a two-year contract, Amazon Wireless has been kind enough to slash this big guy’s price to a penny. That’s right, folks, you can get the Razr practically for free these days and all you have to do is commit to a new Big Red agreement.

You don’t even have to be a new Verizon customer to take advantage of the special offer, with upgrades and added lines also qualifying for the promotion. On top of it all, Amazon is also throwing in free shipping for the phone, promising that your spanking new Razr will land on your doorstep in two days tops after ordering it.

There’s no way you could ever find a better deal for Motorola’s Razr, but you do have to ask yourselves if you’re ready to commit to a two-year contract for what some may call an aging device. There are clearly better options on the market right now, and, based on the latest rumors and speculations, there’s also a follow-up to the 4.3-incher almost ready to see the light of day.

Then again, if you’re not willing to pay more than a dime for a strong Android phone, the Razr can clearly still pack a punch, being powered by a dual-core 1.2 GHz processor and featuring 1 GB of RAM. The Super AMOLED 960 x 540 pixel display, 8 MP rear-facing shooter, Android 4.0 ICS, 4G LTE speeds, Kevlar backing and sleek design make this a more than decent handheld for anyone not obsessed by having the absolute best piece of technology in his hands.

Amazon Wireless is listing the Droid Razr as “in stock” with estimated 24-hour shipment, meaning that the retailer probably has enough devices to go around. However, if you’re thinking of taking advantage of the special offer, you might want to hurry up, because the deal has no expiration date, which usually means it will be pulled out at some time without any kind of notice.

Don’t forget to also check out some of Amazon’s other existent deals, like the ones for Sprint’s Galaxy S3 or Verizon’s Galaxy Nexus, before making a decision regarding your next on-contract phone. Be sure to let us know what you decide and why.