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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.
Shares 5. Here's what you need to know... There is no grace period regarding how long you can go after buying a new car without insurance. The grace period refers to how long you can go without consequences for missing a payment. In todayâs age of technology, there is no excuse for not having car insurance coverage.