To answer your question it will not work, even with the smallest size tire you can buy for that wheel. Even at 7" wide it will have too much front spacing with any tire you choose. You will need to modify your fenders. The rest of this post is to explain my reasoning and to repeat some good steps to follow when "attempting" to do your own calculations.
Ok. Well I do commend everyone's efforts here there are a few things I must clarify and are stated in the recipe.
For one, we just can't compare a P5 frontspacing to a sedan's, there is a difference.
Secondly, if the offset value is going to benefit you in any way you must indicate the width of the respective wheel. Otherwise it will not help.
In my experience, most 18" wheels are 7.5" wide. According to the recipe you will need a +48 offset minimum. Now this recommendation is based on the MOST COMMON SMALLEST tire for 18" which is 215/35/18. Now I have seen a new tire release that is a 205/40/18. While skinnier it is still taller.
Thirdly, when looking into wheel fitments you must always take into consideration the ACTUAL SECTION WIDTH of your particular tire. You can find this by looking at manufacturer's specs. They will list what width wheel this TIRE SECTION width was based on.
In short here you go:
1. Sedans have more room than P5's.
2. Offset, NEED TO KNOW WIDTH of wheel.
3. Remember that different tires that say the same width are not the same width. You can double check by looking at manufacturer's specs.
4. ALWAYS REFER TO THE RECIPE. READ IT SLOW and it will ALWAYS SAVE YOU. hehe.
Sorry for the caps, just thought it would be easier to catch the eye if you skim thru or refer back. I am so willing to help find wheels for you guys, but unfortunately it's a ROYAL PITA for the P5. There are very few wheels available for our cars and most are not of my standards.
Best of luck,
Rishie