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The average price to haul away an old asphalt driveway and replace it with a new one is around $5,000, based on several factors. âTypical life expectancy of an asphalt driveway is 15 years,â says Ron Reibling, owner of Aurora Asphalt & Sealcoating in Champlin, Minnesota.
For Handy Andy to come out ahead, let's take a look at what he'll spend on upkeep. The most important part in avoiding a new driveway paving is to sealcoat every 2 to 3 years. That same 600 square feet will cost around $130 to seal. That's an asphalt driveway maintenance cost of $1,560.In 29 years, Handy Andy will have spent just over $1500 on sealcoating, while Laidback Larry will have spent $2,400 to $6,000 in replacement costs.That's at least $840 more than and as much as over $4,000 more!or Handy Andy to come out ahead, let's take a look at what he'll spend on upkeep. The most important part in avoiding a new driveway paving is to sealcoat every 2 to 3 years. That same 600 square feet will cost around $130 to seal. That's an asphalt driveway maintenance cost of $1,560.