I bought a 2023 Razr not long after its successor came out. The phone was only $550 because I wasn't buying a current flagship (it doesn't matter whether or not it's foldable, flagship phones have gotten obnoxiously expensive), and so far it's held up just fine. There's creases in the protective layer over the screen where it bends the most, but it's not anything that really hinders my user experience.

The fact that it actually fits in my back pocket without destroying the fabric is a huge plus for me.