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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.
The mortgage grace period is the period of time during which a loan payment may be made after its due date without incurring a late penalty. The grace period on mortgage payments is specified as part of the terms of the loan in the Note. It typically will start the day after the official mortgage due date and run for one or two weeks. Payment grace periods apply only to mortgages on which interest is calculated monthly. Simple interest mortgages do not have a grace period because interest accrues daily.