Cold Patch For Asphalt Driveway

First of all you need to understand what caused the holes to appear. How wide are the holes? If you are describing large cracks, up to 2 inches wide, you can probably get away with filling the crack with fine gravel and topping off with a couple of inches of asphalt patch material.

If you don't use it on a high traffic drive, it's probably OK.

I'd get a couple of quotes from reputable local asphalt repair companies. They will know by looking if you have an underlying problem that needs repair. They also will be able to use a longer lasting hot mix. If the remaining drive is in good condition, they can also hot seal the whole thing after repairs. That will give a consistent appearance and extend the drive life.

You want to make sure the holes are dry for a while first...

Then pack the bottom of the hole with gravel, making sure you pack it down really well...

You only want to apply the same amount of the cold patch to match the thickness of the rest of the driveway...

~~ Evan

You're on the right track. When you patch them, patch them in "lifts". Basically you fill it part way, tamp it down, repeat. If the hole is truly