To answer your question, you don't need a deposit, or at least I didn't. I ordered a 2022 ZR2 silverado on 12-15-2021. We worked out a price for my trade, a 21 6.2 trail boss and Zr2 was delivered on 5-18-2022. The dealer told me he would guarantee my trade value till whenever the truck came in, and I could also keep driving the trail boss. They gave me $7,000 more than I paid for it on trade, and because I am a GM employee I also received the discount on the ZR2. It was a no brainer for me. If for some reason when the ZR2 came in, and I didn't want it, I could just walk away.
If you want a new truck, order one if for some reason the economy tanks (which is quite possible) and you don't want it anymore, walk away. If it were me, I would try to work a deal and get your trade value guaranteed in writing while the market is still high.