My knowledge of the violin is postcard-sized or smaller, but I'm a bit more used to other instruments, and teach guitar.  I always used to say to my students (on guitar) that in a perfect world, all the experienced players would have the cheap, rubbish instruments because they can make anything sound good.

On the other hand, beginners are often well served by the forgiving qualities of a decent instrument and often are surprised by how good they sound and how much they enjoy playing something that costs a bit more.

Of course, the fly in this particular instrument is that beginners catch themselves in their own Catch 22.  They don't particularly enjoy playing the rubbish instrument or the sounds it makes, so don't buy a better instrument which is more fun to play and sounds better.  And you can understand this, of course - particularly at the beginning. But if you have half a sense of wanting to carry on with it, no harm is done by having a nice instrument that gives you pleasure.

Go for it, I say.  It's only money...