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You are Entitled to a One-Day Cooling-Off Period
The Motor Dealer Act Regulation provide for a one clear day cooling-off period. During this time, as long as the dealer keeps the vehicle, you can cancel the lease without penalty. For example, if you sign a lease on Tuesday and change your mind, you must notify the dealer of your decision to cancel on Wednesday.
While you have the whole day to cancel, it's better to notify the company during business hours so you can obtain written confirmation from the dealer that your contract has been cancelled. If you choose to cancel after business hours, ensure you have proof that you notified the company before midnight.
Days the dealer is closed do not count as cooling-off days. Statutory holidays and Sundays also do not count. Therefore, if you sign a lease on a Saturday, Monday is considered the cooling-off day when you may cancel the contract.
As of July 1, 2006 consumers can now waive this requirement in writing. However, if you choose to waive this right make sure you understand and are satisfied with the terms and conditions of the lease agreement.
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You've gone past your 1 day cooling off period.
Don't sign contracts if you are unsure.