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There is no grace period after signing a car lease. This assumes that there was no misrepresentation or fraud in the inception of the agreement. Also, dealerships generally display a No Cooling Off Period in the financing office and similar language is customarily on the lease and other documents.
Most Helpful Response. Helpful to 2 out of 4 people. I have a car loan and my payment is due on the 26th of each month - but I have a 5 day grace period so as long as my payment is received by close of business on the 31st my payment is considered on time and it is not reported as late to the credit bureaus.