Hi there,
If you are not using coolant nor overheating don't worry, the combustion process produces a large amount of water, with the engine & exhaust cold this water is condensed back into a liquid and this is what you are seeing, with the engine fully hot you should not be seeing any vapor, just check that your coolant is not going down first.
Mark (mhpautos)
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Wednesday, April 8th, 2009 AT 7:39 PM