In North Carolina, there is no specific "coolingoff" period or automatic right to cancel an auto deal within a certain number of days. The general rule is that once a contract is signed, it is a done deal and there is no right to cancel the contract due to buyer's remorse.There is no law which allows three day period within which you can cancel a car contract. A: North Carolina does not have a law that gives consumers the right to cancel a car lease within three days of signing. Learn when and how tenants may legally break a lease in North Carolina and how to limit liability for rent through the end of the lease term. The landlord is not identified in the rental agreement. North Carolina Department of Transportation. 3. FEES: Concurrently with the execution of this Rental Agreement, Occupant shall pay to Owner a nonrefundable NEW ACCOUNT. Q: In North Carolina, must a lease agreement be in writing?