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it’s not as cheap as it should be given that it’s a 40 years old design, but it’s a simple aircraft and can be produced in huge numbers so it gives advantage in war of attritionThe F-16 Block 70 is quite lethal albeit old but it's packed with very good 4.5 gen abilities. As per Rafale Pilot the F-16 is quite capable and the pilot should be vary. Not to mention, It can deploy the widest set of weapons known from (EU, US, Israeli, Japanese etc.) While it's not suited for India, it's a pretty good consideration for small/medium countries who want decent capability without breaking the bank.
Taiwan deal is a good example with 66 fighters for $8 Billion.
Taiwan secures bargain price for F-16Vs - Asia Times
Taiwan has officially appropriated NT$250 billion (US$8 billion) for buying 66 F-16V fighter jets from the US, and the money to pay for the single largestasiatimes.com