Neighbors around me have mostly all had there asphalt driveways repaired, resealed and/or replaced to varying degrees.

The best looking job was done by a company that went as far as to do soil tests to make sure on how they needed to prep the base for a new driveway - the old one was so bad it had to be scrapped and replaced. The company doing the new work felt the previous driveway should have lasted longer and blamed it on the base prep, as they felt the asphalt used was of good quality. Their's looks really nice but it was pricey. He told them it should last for about 30 years.