Tire Sizes

If you don't understand tire sizes, I whipped up some info that might help.
The following is a chart of various tire sizes that might fit on our cars. Anything 235 or narrower will fit. 245 and wider tires may rub. Up to 255-wide tires seem to fit fine on 2nd-gen W-body cars, such as the 97+ Grand Prix GTP. Some people have been able to wedge 245-wide tires onto first-gen W-body cars, but sometimes they rub a little. So far, most people who have put 245-wide rubber on their first-gen W-body cars have also used tires with a slightly smaller than stock overall diameter (245/50-16, for example, which is almost 1" smaller in diameter than the standard 225/60-16).
I have also listed any cars I know of that use a particular tire size as factory equipment. That way, you can look up that type of car or something and possibly visualize how wheels/tires of that size would look on your car. The Lowest Price column lists the lowest price I've found for that size tire either from Tire Rack or Discount Tire Direct. As you can see, they get a lot more expensive as the rim diameter gets bigger.

Tire Size Diameter
(mm)
Change in
Diameter
(mm)
Circumference
(mm)
rev/mile Speedometer
Error
Lowest
Price
OEM Tire on...
16" Rim Diameter
245/50-16 651.4 -25.0 2046.43 786.41 -3.70% $90 1989-90 Pontiac Grand Prix Turbo
225/55-16 653.9 -22.5 2054.29 783.41 -3.33% $103  
215/60-16 664.4 -12.0 2087.27 771.03 -1.77% $54  
235/55-16 664.9 -11.5 2088.84 770.45 -1.70% $77  
225/60-16 676.4 0.0 2124.97 757.35 0.00% $50 All W-body w/16" wheels
17" Rim Diameter
235/45-17 643.3 -33.1 2020.99 796.32 -4.89% $117  
245/45-17 652.3 -24.1 2049.26 785.33 -3.56% $112 1994+ Ford Mustang GT/Cobra
225/50-17 656.8 -19.6 2063.40 779.95 -2.90% $158  
235/50-17 666.8 -9.6 2094.81 768.25 -1.42% $196 2000 Jaguar S-Type
245/50-17 676.8 0.4 2126.23 756.90 0.06% $129 1999 Jaguar XK8
225/55-17 679.3 2.9 2134.08 754.11 0.43% $96 1998+ Chrysler 300M w/o PHP
18" Rim Diameter
225/40-18 637.2 -39.2 2001.82 803.94 -5.80% $140  
235/40-18 645.2 -31.2 2026.96 793.97 -4.61% $165  
245/40-18 653.2 -23.2 2052.09 784.25 -3.43% $165 1999+ Mercedes Benz SL-class
225/45-18 659.7 -16.7 2072.51 776.52 -2.47%    
235/45-18 668.7 -7.7 2100.78 766.07 -1.14% $246  
245/45-18 677.7 1.3 2129.06 755.90 0.19% $174 1999+ Audi S8
235/50-18 692.2 15.8 2174.61 740.06 2.34% $208  
19" Rim Diameter
245/35-19 654.1 -22.3 2054.92 783.17 -3.30% $281  
255/35-19 661.1 -15.3 2076.91 774.88 -2.26% $275  
255/40-19 686.6 10.2 2157.02 746.10 1.51% $245  
20" Rim Diameter
255/35-20 686.5 10.1 2156.70 746.21 1.49% $316  

A positive speedometer error means your speedo will say you are going slower than you really are.
A negative speedometer error means your speedo will say you are going faster than you really are.
To do speedo error calculations, use this formula: ActualMPH = SpeedoMPH+(SpeedoMPH*SpeedometerError%)
Be sure to observe whether the SpeedometerError figure has a negative sign or not!

An easier way for the mathematically challenged would be simply to use Palo Alto's Speedometer Error Calculator.