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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.
Grace Period. Most lease contracts do not include a grace period to terminate the lease after the contract has been signed by both parties. However, most lease contracts stipulate a grace period that provides the tenant or renter a certain time frame to pay the rent. The grace period usually occurs after the day each rent payment is due.