Managing large binary files with Git

Question

I am looking for opinions of how to handle large binary files on which my source code (web application) is dependent. We are currently discussing several alternatives:

Answer 1

Another solution, since April 2015 is Git Large File Storage (LFS) (by GitHub).

It uses git-lfs (see git-lfs.github.com) and tested with a server supporting it: lfs-test-server:
You can store metadata only in the git repo, and the large file elsewhere.