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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.
While not guaranteed, you might find a clause in the small print of your lease that gives you a cancellation grace period at the beginning of the lease. This short period -- maybe 24 or 48 hours -- could be the only time you could back out of the lease and return the car without penalty. If your lease doesn't mention a grace period, you don't have this option. Sometimes, a lease might be subject to contingencies on the part of the dealer. Contingencies generally have a specific period, and if the party doesnât satisfy the contingency, the contract isnât binding.