The iPhone 16e costs £500.00 new compared with £59.00 refurbished (no longer sold new) for the iPhone SE (2020). Buying the iPhone 16e refurbished instead of new saves £101.00. If you want 5G, Apple Intelligence support, USB-C charging and a larger 6.1" screen, the iPhone 16e is the better choice. If value is your priority, the iPhone SE (2020) offers the stronger buy at a lower price point.