AutoCAD LT is the lower cost version of AutoCAD, with reduced capabilities, first released in November 1993. Autodesk developed AutoCAD LT to have an entry-level CAD package to compete in the lower price level. AutoCAD LT, priced at $495, became the first AutoCAD product priced below $1000. It is sold directly by Autodesk and can also be purchased at computer stores (unlike the full version of AutoCAD, which must be purchased from official Autodesk dealers).