Whilst many of the posts here have been about the tyre size/legality/rubbing, etc. no mention has been made about putting a 265 section width on a 7 inch rim.
Check
Car Bibles : The Wheel and Tyre Bible Page 3 of 4 under the title
An ideal rim-width calculator and a 265 needs a 7.5 inch wide rim as a minimum. Also all major manufacturers will specify a rim width range for each of their tyre sizes usually found on their web site.
I currently run 245/70x17 tyres and the speedo indicates the vehicle speed almost perfectly (according to the GPS) whereas it was 5-7 km/h optimistic before changing to the 245s.
Just my two bob's worth...
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