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I believe the asphalt benefits from a sealer. It keeps the material from excessively drying in the sun and offers some protection from the elements and from outside chemicals such as oil.
I had a two car driveway installed in 1993 at one of the rentals. I have it sealcoated every couple of years for about $100. It's still in brand new condition.
The quality of the sealer is important.
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