How Do You Choose the Right Excavator Financing Plan?

Hey everyone! I’m trying to figure out the best way to go about excavator financing options for my construction business and would really appreciate some insights. With the high cost of excavators, paying upfront just isn’t feasible, but the financing landscape seems pretty complex. I’ve seen options like leasing, bank loans, and even specialized equipment financing. If anyone has experience with leasing versus owning an excavator outright, I’d love to hear about it. Thanks in advance for any advice or stories!