Asphalt sealants for the crack repair of asphalt concrete road were prepared using waste lubricant oil in this work. The waste lubricant oil was compounded with asphalt(AP-5), SBS triblock copolymer, a tackifying agent(petroleum resin), and antioxidants. Cone penetration, softening point, ductility, elongation by tensile adhesion, and resilience of asphalt sealant compounds were measured. Cone penetration of asphalt sealant compounds increased with the increase of waste lubricant oil content while their softening point, ductility, and resilience decreased. By the addition of talc as an extender, softening point and resilience of asphalt sealants increased, but cone penetration, ductility, and elongation by tensile adhesion of those decreased with the proportion of talc content. The most economic asphalt sealant which could pass an ASTM specification could be manufactured by the big decrement of petroleum resin content.