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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 may chose to return your car at the end of the leasing period and simply walk away without leasing or purchasing another car. If you do this, your car will still have to undergo a vehicle inspection, and you will be responsible for any excessive damages.ut being well prepared and knowing what to expect at the end of your leasing period may help you have a bit more confidence when you drive the car back to the dealership. It is wise to know what you plan to doâbuyout the car, re-lease, or return and walk awayâbefore you enter the dealership.