THINKING OF BUYING A RED SOFA BED

I saw this very red sofa bed on sale at TESCO.  For your information, I am considering buying it for the Chinese New Year as it is said to be auspicious to buy a new piece of furniture to welcome the new year.  Furthermore, it is a bright red and at RM388, it is cheap.
I am still considering and haven't made up my mind yet.  What do you advise?