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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.
Here in NC people get confused about the 'grace period'. Here the 5-day grace period is only about when a late fee can be charged. My lease clearly states that rent is due on or before the 1st or it is cause for eviction. My 'problem tenants' get their eviction notice on the 2nd. LLs NEED TO KNOW their state laws -- because the TENANTS SURE DO.