Document:

<PAGE>

                                                                  EXHIBIT 10.3.1

            FIRST AMENDMENT TO THE WESTCORP EXECUTIVE DEFERRAL PLAN V

         The Westcorp Executive Deferral Plan V ("Plan"), effective as of
September 1, 2000, is hereby amended, effective as of April 1, 2002, as follows:

         Section 3.4 and Section 3.5 of the Plan are hereby amended and restated
in their entirety as follows:

3.4      ANNUAL COMPANY CONTRIBUTION AMOUNT. For each Plan Year, an Employer, in
         its sole and absolute discretion, may, but is not required to, credit
         any amount it desires to any Participant's Company Contribution Account
         under this Plan, which amount shall be for that Participant the Annual
         Company Contribution Amount for that Plan Year. The amount so credited
         to a Participant may be smaller or larger than the amount credited to
         any other Participant, and the amount credited to any Participant for a
         Plan Year may be zero, even though one or more other Participants
         receive an Annual Company Contribution Amount for that Plan Year. The
         Annual Company Contribution Amount, if any, shall be credited as of the
         date determined by the Committee in its sole and absolute discretion.
         The date on which the Annual Company Contribution Amount is credited
         may be different for different Participants. Notwithstanding anything
         in the Plan to the contrary, if a Participant is not employed by an
         Employer as of the last day of a Plan Year other than by reason of his
         or her Retirement or death while employed, the Annual Company
         Contribution Amount for that Plan Year shall be zero.

3.5      ANNUAL PERFORMANCE BASED MATCHING AMOUNT. A Participant's Annual
         Performance Based Matching Amount for any Plan Year shall be equal to
         the Participant's Annual Deferral Amount for such Plan Year, multiplied
         by a fixed percentage determined by the Committee, in its sole and
         absolute discretion. The fixed percentage for any Participant may be
         smaller or larger than the fixed percentage for any other Participant,
         and the fixed percentage for a Plan Year may be zero, even though one
         or more other Participants receive an Annual Performance Based Matching
         Amount for that Plan Year. A Participant's Annual Performance Based
         Matching Amount for any Plan Year shall be credited as of the date
         determined by the Committee in its sole and absolute discretion. The
         date on which the Annual Performance Based Matching Amount is credited
         may be different for different Participants. Notwithstanding anything
         in the Plan to the contrary, if a Participant is not employed by an
         Employer as of the last day of a Plan Year, other than by reason of his
         or her Retirement or death, the Annual Performance Based Matching
         Amount for such Plan Year shall be zero. In the event of Retirement
<PAGE>

         or death, a Participant shall be credited with the Annual Performance
         Based Matching Amount for the Plan Year in which he or she Retires or
         dies.

IN WITNESS WHEREOF, the Company has executed this amendment as of __________,
2002.

                                    "Company"
                                    WESTCORP, a California corporation

                                    By:
                                    _______________________________________
                                    Title:
                                    _______________________________________<PAGE>

                                                                  EXHIBIT 10.4.1

                             FIRST AMENDMENT TO THE

                   AMENDED AND RESTATED TAX SHARING AGREEMENT

         The Amended and Restated Tax Sharing Agreement ("Agreement"), effective
as of the first day of the consolidated return year beginning January 1, 2002 by
and among Westcorp (FEIN No. 53-0308535) and each of the subsidiaries subscribed
thereto, is hereby amended as of January 1, 2003 ("Amendment"). All capitalized
terms not herein defined shall have the same meaning as set forth in the
Agreement.

                                    RECITALS

         WHEREAS, it is advisable that WestFin Securities Corporation, a
California corporation, and a subsidiary of WFS Financial Inc ("WFS"), which is
a second tier majority-owned subsidiary of Westcorp is to be removed as a Member
from the Agreement; and

         WHEREAS, the Members to the Agreement desire to amend section 4 of the
Agreement to include a provision stating that deminimus payments by and among
the Members, in the amount of twenty dollars ($20.00) or less, need not be
allocated amongst the Members.

         NOW, THEREFORE, in consideration of the mutual covenants and promises
contained in the Agreement and in this Addendum and for other good and
sufficient consideration, the Agreement is amended as follows:

         1.       WestFin Securities Corporation (FEIN No. 33-0584490) is
                  removed as a Member to the Agreement effective January 1,
                  2003.

         2.       Section 4 of the Agreement is hereby amended and restated in
its entirety to read as follows:

         "4.      Each Member shall pay the Parent its allocated consolidated
federal income tax liability under this Agreement. Such payment is expressly
limited to the portion currently due and payable to the Internal Revenue Service
("IRS"). The timing of such payment shall be consistent with the due date of the
payment from each Member if it had been filed on a separate return basis
provided that in no event shall payment be made until expiration of any
extension that may be in effect as to the Parent. Current payment by any Member
to the Parent of that Member's deferred tax liability is expressly forbidden.
Each Member benefiting from net operating losses and tax credits shall pay to
the Parent its added tax assessment determined under paragraph 2 of the
Agreement. The Parent shall pay to each Member with a net operating loss or tax
credit during the taxable year its allocable share of the total of the
additional amounts due from other Members pursuant to paragraph 2 of this
Agreement. Payments for these allocable shares are to be made no later than 30
days after the date of filing of the consolidated federal income tax return for
such taxable year. Due to administrative costs of completing cash transfers,
deminimus payments by and among the Members, in the amount of twenty dollars
($20.00) or less, need not be allocated amongst the Members."

         Except as amended specifically herein, all terms and conditions of the
Agreement, shall remain in full force and effect.

<PAGE>

         IN WITNESS WHEREOF, the undersigned have executed this Amendment on the
date set forth below to be retroactive to and effective as of January 1, 2003.

WESTCORP

By: _________________________________________________      Date: _________, 2003
         Thomas A. Wolfe, President

WESTERN AUTO INVESTMENTS, INC.

By: _________________________________________________      Date: _________, 2003
         John Coluccio, President

WESTRAN SERVICES CORP.

By: _________________________________________________      Date: _________, 2003
         Shelley M. Chase, President

WESTERN FINANCIAL BANK

By: _________________________________________________      Date: _________, 2003
         Thomas A. Wolfe, Vice Chairman &
         President

WFS FINANCIAL INC

By: _________________________________________________      Date: _________, 2003
         Thomas A. Wolfe, President

WFS FINANCIAL AUTO LOANS, INC.

By: _________________________________________________      Date: _________, 2003
         John Coluccio, President

WFS FINANCIAL AUTO LOANS 2, INC

By: _________________________________________________      Date: _________, 2003
         John Coluccio, President

WFS INVESTMENTS, INC.

By: _________________________________________________      Date: _________, 2003
         Thomas A. Wolfe, President

<PAGE>

WFS FUNDING, INC.

By: _________________________________________________      Date: _________, 2003
         John Coluccio, President

WFS RECEIVABLES CORPORATION

By: _________________________________________________      Date: _________, 2003
         John Coluccio, President

WESTFIN INSURANCE AGENCY, INC.

By: _________________________________________________      Date: _________, 2003
         Thomas A. Wolfe, President

WESTHRIFT LIFE INSURANCE COMPANY

By: _________________________________________________      Date: _________, 2003
         Shelley M. Chase, Vice President

THE HAMMOND COMPANY, THE MORTGAGE BANKERS

By: _________________________________________________      Date: _________, 2003
         Thomas A. Wolfe, President & Chief Executive
         Officer

WFS WEB INVESTMENTS

By: _________________________________________________      Date: _________, 2003
         Thomas Wolfe, President

WESTERN RECONVEYANCE COMPANY, INC.

By: _________________________________________________      Date: _________, 2003
         J. Keith Palmer, President, Chief Executive
         Officer & Treasurer

WESTERN CONSUMER SERVICES, INC.

By: _________________________________________________      Date: _________, 2003
         Mark Olson, Vice President & Controller

<PAGE>

WESTERN CONSUMER PRODUCTS

By: _________________________________________________      Date: _________, 2003
         Mark Marty, President

WFS RECEIVABLES CORPORATION INC. 2

By: _________________________________________________      Date: _________, 2003
         Mark Olson, Vice President & Controller

WFS RECEIVABLES CORPORATION INC. 3

By: _________________________________________________      Date: _________, 2003
         J. Keith Palmer, Vice President & Treasurer

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00057-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00057-of-00352.parquet"}]]