Water/Antifreeze in the exhaust, and usually a cloud of white smoke, is indicative of a blown head gasket or cracked. This usually happens when the vehicle overheats due to a bad thermostat; the head gasket usually blows first and can sometimes crack the head.
Blown head gasket - 350 to 400 to repair; cracked head, add 200 to 300 dollars.
Mike...
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