For reasons unknown to me, the 20 inch wheels on my 2020 Sierra SLT were changed by the previous owner to 18 inch wheels. Factory tires were 275/60R20 and I am now running 265/65R18 tires. If I am comparing correctly, the differance of 2 inches in diameter is making the speedometer show around 3 MPH more than the actual speed, and I am guessing I am putting on more miles than actually driven. Using a tire size calculator, it looks like 285/65R18 tires would drop this difference to about 3/4 MPH more than actual and width would increase about 1/2 an inch. 295/65R18 tires would make the actual speed about 1/4 MPH more than the speedometer shows, but width would increase just over 3/4 of an inch.
Short of buying 20 inch wheels and tires, which is not in the budget, has anyone tried increasing the size of their existing tires, are there any disadvantages to the wider sidewall height and the wider width causing any clearance issues? I would probably prefer to go with the 285/65R18, as there appears to be more choices to pick from but the 295/65R18 get me closest to the correct speedometer reading. My existing 18 inch tires have less than 10,000 miles on them, so might get some trade in value. My other choice is to leave them as is, and just know I can drive faster than speedometer shows, but don't like adding miles I'm not driving. Any suggestions.