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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 car rental companies charge based on 24 hour days, starting at the exact time when you pick up your car. (Not the time that you said you would pick it up!) It is rare now to get much of a grace period for returning the vehicle, although some car rental companies will offer a 29 minute grace period. Pick up and return at or by the same time of day to keep your price down and avoid being charged for an extra day.