Pros: Replacing the entire driveway is a longterm solution, and you can start fresh on scheduling maintenance, like resealing the driveway. Replacing the driveway is the best method to fix large cracks, potholes, and other extensive driveway damage. Cons: This solution is the most cost to replace an asphalt driveway can go up to 15 per square foot, or an average of 4,500.