The iPhone 16 costs £690.00 new compared with £99.00 refurbished (no longer sold new) for the iPhone 11. Buying the iPhone 16 refurbished instead of new saves £230.05. If you want 5G, Apple Intelligence support and USB-C charging, the iPhone 16 is the better choice. If value is your priority, the iPhone 11 offers the stronger buy at a lower price point.