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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.
1 Sealcoat that is brushed on will usually cost anywhere from $.07 â $.10 per square foot, depending on the condition of the driveway, and will last 1-2 years.2  Asphalt that has never been sealcoated or has not been done in many years will absorb much more sealer and will therefore cost a little more. Sealcoat that is brushed on will usually cost anywhere from $.07 â $.10 per square foot, depending on the condition of the driveway, and will last 1-2 years.