The paper presents the description of the Three Chariots of Buddha - three ways of a spiritual development (The Small Way, The Great Way, The Diamond Way) which keep and pass on the different philosophical points of views and methods of the achievement of Liberation and Enlightenment. The Three consecutive levels of Teaching kept by a historic Buddha Shakhyamuni - The Small Chariot, The Great Chariot and the Diamond Chariot are correlated by the author with the Three Turnings of Dharmas Wheel. An accurate interpretation of the Buddhist terms helps us to understand their attitude to different levels of Buddhas Teaching, improves the effi ciency of philosophical investigations and helps to comprehend a specifi c character of different Buddhist philosophical schools.