(1) Lease-purchase agreements that comply with this chapter are not governed by the laws relating to:
(a) A consumer lease as defined in chapter 63.10 RCW;
(b) A retail installment sale of goods or services as regulated under chapter 63.14 RCW;
(c) A security interest as defined in Title 62A RCW; or
(d) Loans, forbearances of money, goods, or things in action as governed by chapter 19.52 RCW.
(2) This chapter does not apply to the following:
(a) Lease-purchase agreements primarily for business, commercial, or agricultural purposes, or those made with governmental agencies or instrumentalities or with organizations;
(b) A lease of a safe deposit box;
(c) A lease or bailment of personal property that is incidental to the lease of real property, and that provides that the consumer has no option to purchase the leased property; or
(d) A lease of an automobile.