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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.
Even if your driveway is an expanse of puddles and potholes, it pays to explore renewing it first. It's a simple matter of dollars. For example, an asphalt topcoat costs about $2 per square foot - roughly a third of the tab for a complete driveway redo that includes soil prep, gravel and two coats of asphalt.