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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 trade-off for any confusion is that many will get a grace period of several months during the transition. For example, if a car ownerâs registration expires in May and his inspection tag expires in June, he will not have to get the car inspected until just before his registration is due for renewal in May 2016.