Here's a version of the Vela Disco Lite that you don't see very often. It's the Vela Disco Lite DK-7000 and was made by Skitronic in China. I'm not sure of the specific year of manufacture but I'm sure it was around the mid to late 80's. It features dual cassettes and a five band equalizer.
It definitely has the disco look that other Vela boomboxes have with the multitude of LED's. Most of the Disco Lite boxes are not really known for their build quality or performance but still remain extremely popular. I suppose it's because they visually represent the attitude of the era where partying, fun, and music were the priority. The box was built as a eye catching machine rather than an audiophile instrument.
It looks like the speakers are detachable and there is also a line in so one could hook up an iPod if they wanted.
As I mentioned pretty much all the disco lite boomboxes are in high demand from collectors. A DK-990 recently sold for over $1300.00 and I've seen others sell for even more. The DK-7000 such as this one don't come up for sale very often so I don't have any final sales prices to post but I'll keep watch and post any sales when they happen.