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Due at Signing. The term, due at signing or cash due at signing, refers to the total amount of cash that is due at the time a car lease contract is signed. âlease acquisitionâ fee is also sometimes included. The acquisition fee is always included in a car lease but is not always paid in cash at the time of lease signing. Cash due at signing, in car leasing, is often confused with a down payment.
What is the 'Grace Period'. A grace period is the provision in most loan and insurance contracts that allows payment to be received for a certain period of time after the actual due date. During this period, no late fees are charged, and the late payment does not result in default or cancellation of the loan. A typical grace period is 15 days. Next Up.