(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.