Quick Advice Needed!

I would love some input on a purchase….

I have been looking for a bed/headboard for my 5 year old’s room forever.  He inherited the guest bedroom which has a queen bed.  I used to have a brass bed (see below) in there but I thought it looked too girly so for the past couple of years (ughh – how has it been that long?…), he has been sleeping on the boxspring and mattress with no headboard or anything.  At first it sounded like a great solution because he was close to the floor and I never had to worry about him falling out.

Now he will be 5 tomorrow and this is getting quite pathetic!

The poor kid needs a real bed!

The problem is that most queen beds are too grown up looking – (and expensive!).  Then the other day, I came across a furniture store that is having a tent sale.  Check out this great headboard they had – and it is only $100!

Now I know you think I am crazy not to buy it immediately, but I think through ever single purchase so carefully and I don’t want to just get it because it is cheap!  As you can see, it is off white so I would probably paint it navy blue to go with my son’s nautical bedroom.  But I don’t have a lot of furniture painting experience and I am a little scared!  Do I feel like taking on a project like that?  I thought painting my bathroom vanity was going to be no problem but that took forever.  Am I being a wimp or what?  And if I paint it navy, would it work in a boy’s room or does the shape look too girly?

Now, the reason I need some quick advice is because I am afraid someone else will buy the headboard if I don’t act quickly…

So what do you think?

Buy it or don’t buy it?

Thanks for your help!