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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 Periods: Some States Have âEm, Others Donât. The length of grace periods varies from state to state. Iowa, Oklahoma, and Colorado each give you one month after your registration expires, while Texas gives you only five days. Other states have no grace period at all. Be sure to check where your state stands on registration renewal grace periods so you can avoid getting a traffic ticket.