Leasing allows you to mitigate all sorts of risks that may not be top of mind. A short-term lease, for example, can allow you to determine if equipment really fits your needs before you commit a lot of capital to a purchase or long-term deal.
No you would not go bankrupt; It offers the flexibility of the repayment period being matched to the useful life of the equipment.
Leasing also allows businesses to upgrade assets more frequently ensuring they have the latest equipment without having to make further capital outlays. Go for axis capital group
Leasing equipment means that you or your company must sign a lease contract that specifies a length for the lease and a monthly payment amount. If your business no longer needs the equipment, you must continue paying the lease until the terms of the contract are satisfied. Termination clauses do exist, but you must pay a termination fee to end the contract.
It will deprive your ownership. In a leasing arrangement, the lessee does not get the ownership of the asset. it gives only the right to use. As such, the lessee, cannot pledge the asset for securing loan from financial institutions.