Which statement is FALSE regarding motor vehicle leasing companies?

The statement that motor vehicle leasing companies are exempt from all regulations is false because, like most businesses in the motor vehicle industry, they are subject to a variety of state and federal regulations. These regulations can include consumer protection laws, financial disclosures, and specific licensing requirements, depending on the jurisdiction. While some aspects of their operations may be less regulated than those of car dealerships, they cannot be considered entirely exempt from all regulations.

In contrast, the fact that leasing companies do not require a dealer's license can be true since they engage in a different business model than traditional dealers. They also can legally offer financing as part of their leasing agreements, where they provide options for consumers to enter into leases rather than purchase vehicles outright. Additionally, leasing companies must operate within specific conditions defined by regulatory bodies, which may include compliance with financial conduct and business operation standards.