I have a PCP on a car that was worth £17k but around £21k with interest. My plan had been to get a loan and buy it after a few months. It’s been over a year and I’m in the process of getting the loan. In the meantime I’ve realised I can make do with a smaller car. The same car seller has one I like at £11k. My question is, what would happen with my PCP? Could I switch over so I could reduce my monthly payments?