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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.
You get a 21-day grace period if you have not renewed the expired motor vehicle licence. The grace period is calculated from the expiry date on your current licence disc and if the licence is not renewed by the end of the grace period, penalties will be charged.