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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.
A basic asphalt driveway costs about $2 to $6 per square foot, including installation. That provides you with a base and a top coat. The price goes up from there if you add features like a chip seal top coat, which extends the life of the driveway, or a decorative top coat that is stamped or colored. basic asphalt driveway costs about $2 to $6 per square foot, including installation. That provides you with a base and a top coat. The price goes up from there if you add features like a chip seal top coat, which extends the life of the driveway, or a decorative top coat that is stamped or colored.