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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.
Beginning July 1, 2016, the grace period for late fees will be 30 days, but there will no longer be a grace period for tickets. Hence, a vehicle with an expired City Vehicle Sticker may receive a ticket the 1st day after the City Sticker expires.